Is Galp Energia (OTCMKTS:GLPEY) a Stock to Watch Now That Macquarie Has Begun Covering It?

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How Macquarie Currently Rates Galp Energia (OTCMKTS:GLPEY)

In an interesting research report revealed to clients on 18 December, Macquarie analyst just have begun coverage of Galp Energia (OTCMKTS:GLPEY) with Outperform rating.

Approximately 3,000 shares of stock traded hands. GALP ENERGIA SGPS UNSP ADR EACH REPR 0.50 ORD (OTCMKTS:GLPEY) has declined 18.57% since May 15, 2015 and is downtrending. It has underperformed by 14.76% the S&P500.

According to Zacks Investment Research, “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.”

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