Jefferies Financial Group Equities Analysts Increase Earnings Estimates for Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY)

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) – Investment analysts at Jefferies Financial Group raised their Q1 2021 earnings per share estimates for shares of Galp Energia, SGPS in a research report issued to clients and investors on Monday, April 12th. Jefferies Financial Group analyst G. Romeo now anticipates that the energy company will post earnings per share of $0.05 for the quarter, up from their previous forecast of $0.04. Jefferies Financial Group currently has a “Hold” rating on the stock. Jefferies Financial Group also issued estimates for Galp Energia, SGPS’s Q2 2021 earnings at $0.06 EPS, Q3 2021 earnings at $0.07 EPS, Q4 2021 earnings at $0.07 EPS, FY2021 earnings at $0.25 EPS, FY2022 earnings at $0.40 EPS and FY2023 earnings at $0.39 EPS.

A number of other brokerages have also recently commented on GLPEY. Morgan Stanley reaffirmed an “equal weight” rating on shares of Galp Energia, SGPS in a report on Tuesday. Zacks Investment Research cut shares of Galp Energia, SGPS from a “buy” rating to a “hold” rating in a report on Thursday, February 4th. Societe Generale cut shares of Galp Energia, SGPS from a “buy” rating to a “hold” rating in a report on Thursday, January 14th. The Goldman Sachs Group raised shares of Galp Energia, SGPS from a “neutral” rating to a “buy” rating in a report on Friday, March 5th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Galp Energia, SGPS in a research report on Friday, January 15th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $5.50.

Shares of GLPEY stock opened at $5.82 on Wednesday. Galp Energia, SGPS has a 12 month low of $3.79 and a 12 month high of $6.73. The stock has a market cap of $9.65 billion, a P/E ratio of -20.78 and a beta of 1.05. The company has a current ratio of 1.65, a quick ratio of 1.37 and a debt-to-equity ratio of 0.64. The company has a 50 day simple moving average of $5.94 and a two-hundred day simple moving average of $5.33.

About Galp Energia, SGPS

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

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