GALP ENERGIA SG/ADR (GLPEY) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) from a sell rating to a hold rating in a research report released on Tuesday, Zacks.com reports.

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. “

A number of other equities analysts have also weighed in on GLPEY. ValuEngine lowered shares of GALP ENERGIA SG/ADR from a hold rating to a sell rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. lowered shares of GALP ENERGIA SG/ADR from a neutral rating to an underweight rating in a research report on Monday, March 11th. Deutsche Bank lowered shares of GALP ENERGIA SG/ADR to a hold rating in a research report on Thursday, December 20th. Finally, Goldman Sachs Group upgraded shares of GALP ENERGIA SG/ADR from a sell rating to a neutral rating in a research report on Monday, February 11th. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $8.50.

OTCMKTS:GLPEY opened at $8.10 on Tuesday. GALP ENERGIA SG/ADR has a 1-year low of $7.50 and a 1-year high of $10.43. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.72 and a quick ratio of 1.26.

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

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