Jefferies Financial Group Analysts Cut Earnings Estimates for GALP ENERGIA SG/ADR (OTCMKTS:GLPEY)

GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) – Research analysts at Jefferies Financial Group decreased their FY2019 earnings per share estimates for GALP ENERGIA SG/ADR in a report issued on Wednesday, January 22nd. Jefferies Financial Group analyst J. Gammel now anticipates that the energy company will post earnings per share of $0.37 for the year, down from their previous forecast of $0.39. Jefferies Financial Group also issued estimates for GALP ENERGIA SG/ADR’s Q4 2019 earnings at $0.11 EPS, Q1 2020 earnings at $0.12 EPS, Q4 2020 earnings at $0.13 EPS and FY2021 earnings at $0.51 EPS.

GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) last released its earnings results on Tuesday, October 22nd. The energy company reported $0.07 EPS for the quarter. The company had revenue of $4.60 billion during the quarter. GALP ENERGIA SG/ADR had a return on equity of 6.20% and a net margin of 1.93%.

Several other equities analysts have also recently commented on GLPEY. Royal Bank of Canada cut GALP ENERGIA SG/ADR from an “outperform” rating to a “sector perform” rating in a research note on Monday, November 25th. Zacks Investment Research cut GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research note on Friday, December 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. GALP ENERGIA SG/ADR has a consensus rating of “Hold” and an average price target of $8.50.

GALP ENERGIA SG/ADR stock opened at $7.94 on Friday. The stock has a market cap of $13.17 billion, a P/E ratio of 36.09, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90. The company has a current ratio of 1.37, a quick ratio of 1.02 and a debt-to-equity ratio of 0.60. The stock has a 50 day moving average of $8.30 and a 200-day moving average of $7.78. GALP ENERGIA SG/ADR has a 52 week low of $6.84 and a 52 week high of $8.83.

About GALP ENERGIA SG/ADR

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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