How Macquarie Research Currently Rates Galp Energia (UNKNOWN:GLPEY)
Research analysts at Macquarie Research placed Outperform rating on Galp Energia (UNKNOWN:GLPEY). The firm commenced coverage coverage on GLPEYin an analyst note revealed on Friday, 18 December.
The stock increased 3.60% or $0.2 on December 18, striking $5.61. Approximately 14,324 shares of stock traded hands or 52.81% up from the average. GALP ENERGIA SGPS UNSP ADR EACH REPR 0.50 ORD (UNKNOWN: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.”