GALP ENERGIA SG/ADR (GLPEY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) have been given a consensus rating of “Hold” by the seven ratings firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company.

A number of brokerages recently weighed in on GLPEY. Zacks Investment Research lowered GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. ValuEngine upgraded GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a research report on Monday, January 7th. JPMorgan Chase & Co. lowered GALP ENERGIA SG/ADR from a “neutral” rating to an “underweight” rating in a research report on Monday, March 11th. Finally, Goldman Sachs Group upgraded GALP ENERGIA SG/ADR from a “sell” rating to a “neutral” rating in a research report on Monday, February 11th.

GLPEY stock traded up $0.12 during midday trading on Friday, reaching $8.27. 20,965 shares of the stock were exchanged, compared to its average volume of 105,714. GALP ENERGIA SG/ADR has a 52 week low of $7.50 and a 52 week high of $10.43. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.26 and a current ratio of 1.72.

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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Analyst Recommendations for GALP ENERGIA SG/ADR (OTCMKTS:GLPEY)

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