GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) Lowered to Neutral at Goldman Sachs Group

Goldman Sachs Group cut shares of GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) from a buy rating to a neutral rating in a research report released on Thursday, August 1st, The Fly reports.

Other research analysts have also recently issued research reports about the stock. ValuEngine cut shares of GALP ENERGIA SG/ADR from a hold rating to a sell rating in a report on Thursday, April 4th. Zacks Investment Research upgraded shares of GALP ENERGIA SG/ADR from a sell rating to a hold rating in a report on Monday, July 29th. Finally, Barclays upgraded shares of GALP ENERGIA SG/ADR from an equal weight rating to an overweight rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. GALP ENERGIA SG/ADR has an average rating of Hold and a consensus target price of $8.50.

Shares of OTCMKTS:GLPEY traded down $0.04 during trading hours on Thursday, reaching $6.97. The stock had a trading volume of 45,583 shares, compared to its average volume of 151,541. GALP ENERGIA SG/ADR has a 1 year low of $6.84 and a 1 year high of $10.43. The firm’s 50 day moving average is $7.48 and its 200-day moving average is $7.82. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.11 and a current ratio of 1.62. The stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 2.04 and a beta of 0.82.


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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