According to Zacks, “Galp Energia SGPS SA is an energy company engaged in the exploration and production of oil and natural gas. It is also engaged in refining and marketing of oil products, natural gas marketing and sales and power generation. Galp Energia offers products within the following groups: motor fuels, natural gas, LPG, bitumen, chemicals and lubricants. The Company also offers gas appliances for cooking, heating or lighting. Galp Energia SGPS SA is headquartered in Lisbon, Portugal. “
Other equities research analysts have also recently issued reports about the company. Barclays upgraded GALP ENERGIA SG/ADR from an equal weight rating to an overweight rating in a research note on Wednesday, July 31st. ValuEngine upgraded GALP ENERGIA SG/ADR from a sell rating to a hold rating in a research note on Thursday, August 1st. Societe Generale upgraded GALP ENERGIA SG/ADR from a hold rating to a buy rating in a research note on Wednesday, September 18th. Finally, Goldman Sachs Group cut GALP ENERGIA SG/ADR from a buy rating to a neutral rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $8.25.
GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) last released its earnings results on Monday, July 29th. The energy company reported $0.16 EPS for the quarter. The company had revenue of $5.35 billion for the quarter. GALP ENERGIA SG/ADR had a return on equity of 8.48% and a net margin of 2.91%. Research analysts expect that GALP ENERGIA SG/ADR will post 0.43 EPS for the current fiscal year.
GALP ENERGIA SG/ADR Company Profile
Galp Energia, SGPS, SA operates as oil and natural gas integrated operator worldwide. It explores, develops, and produces hydrocarbons in approximately 50 projects with proved, probable, and possible reserves of 755 million barrels of oil equivalent. The company also engages in the refining, retail, and wholesale marketing of oil products; operation of oil products storage and transportation infrastructure; and operation of 1,459 service stations in Portugal, Spain, and Africa.
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