GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) Receives Consensus Rating of “Hold” from Brokerages

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Shares of GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) have earned a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company.

Several analysts have recently weighed in on GLPEY shares. Zacks Investment Research raised GALP ENERGIA SG/ADR from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. lowered shares of GALP ENERGIA SG/ADR from a “neutral” rating to an “underweight” rating in a report on Monday, March 11th. Finally, ValuEngine downgraded shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th.

Shares of GLPEY stock traded up $0.07 on Thursday, hitting $7.63. The stock had a trading volume of 27,681 shares, compared to its average volume of 69,315. The company has a current ratio of 1.72, a quick ratio of 1.26 and a debt-to-equity ratio of 0.46. GALP ENERGIA SG/ADR has a 1 year low of $7.11 and a 1 year high of $10.43. The firm has a 50 day moving average of $7.66.

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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