Galp Energia (OTCMKTS:GLPEY) Reaching An Inflection Point; Macquarie Coverage Initiated as Outperform

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How Macquarie Currently Rates Galp Energia (OTCMKTS:GLPEY)

Investment analysts at Macquarie launched coverage Galp Energia (OTCMKTS:GLPEY) shares in an analyst research report revealed to investors and clients on Friday morning, IR.net reports. The financial firm has set a Outperform rating on GLPEY stock.

Approximately 11,058 shares of stock traded hands or 17.96% up from the average. 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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