Galp Energia SGPS SA (GLPEY) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Galp Energia SGPS SA (OTCMKTS:GLPEY) from a buy rating to a hold rating in a report published on Tuesday morning.

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. “

Separately, Deutsche Bank AG lowered Galp Energia SGPS SA from a buy rating to a hold rating in a research note on Wednesday, July 5th.

Shares of Galp Energia SGPS SA (GLPEY) opened at $9.15 on Tuesday. The company has a market cap of $14.36 billion, a PE ratio of 34.48, a PEG ratio of 8.62 and a beta of 0.95. Galp Energia SGPS SA has a twelve month low of $6.08 and a twelve month high of $9.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.60 and a quick ratio of 1.23.

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The company also recently announced a None dividend, which was paid on Friday, October 6th. Stockholders of record on Wednesday, September 20th were paid a dividend of $0.085 per share. The ex-dividend date of this dividend was Tuesday, September 19th.

Galp Energia SGPS SA Company Profile

Galp Energia, SGPS, SA operates as oil and natural gas integrated operator worldwide. Its Exploration & Production segment explores, develops, and produces hydrocarbons in approximately 53 projects with proved, probable, and possible reserves of 673 million barrels of oil equivalent. The company’s Refining & Marketing of Oil Products segment engages in the refining, retail, and wholesale marketing of oil products; operation of oil products storage and transportation infrastructure; and operation of 1,436 service stations in Portugal, Spain, and Africa.

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