Galp Energia, SGPS (OTCMKTS:GLPEY) Upgraded to “Strong-Buy” at The Goldman Sachs Group

Galp Energia, SGPS (OTCMKTS:GLPEY) was upgraded by analysts at The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, Berenberg Bank raised shares of Galp Energia, SGPS to a “strong-buy” rating in a research note on Friday, November 22nd.

Galp Energia, SGPS Price Performance

Shares of OTCMKTS:GLPEY opened at $8.61 on Wednesday. The company has a market cap of $11.98 billion, a PE ratio of 9.16 and a beta of 0.47. Galp Energia, SGPS has a twelve month low of $7.07 and a twelve month high of $11.05. The company’s 50 day moving average is $8.71 and its 200 day moving average is $9.71. The company has a current ratio of 1.62, a quick ratio of 1.31 and a debt-to-equity ratio of 0.53.

Galp Energia, SGPS (OTCMKTS:GLPEY) last issued its quarterly earnings data on Monday, October 28th. The energy company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The business had revenue of $6.02 billion for the quarter. Galp Energia, SGPS had a net margin of 6.17% and a return on equity of 24.36%. On average, sell-side analysts forecast that Galp Energia, SGPS will post 0.75 EPS for the current year.

About Galp Energia, SGPS

Galp Energia, SGPS, SA operates as an integrated energy operator in Portugal and internationally. The company operates through four segments: Upstream, Industrial & Midstream, Commercial, and Renewables and New Business. The Upstream segment engages in the exploration, development, and production of hydrocarbons primarily in Brazil, Mozambique, Namibia, and Angola.