Galp Energia SGPS SA

Galp Energia is a holding company. Through its subsidiaries, Co. operates in the following segments: exploration and production, with activities relating to exploration, development and production of hydrocarbons, particularly in Angola, Brazil and Mozambique; refining and marketing, which owns refineries in Portugal and also includes activities relating to the retail and wholesale commercialization of oil products; and gas and power, which covers the purchasing, commercialization, distribution and storage of natural gas and electric and thermal power production. As of Dec 31 2014, Co. had proved and probable reserves of 638.0 million barrels of oil equivalent.
  • TickerGALP
  • ISINPTGAL0AM0009
  • ExchangeEuronext Lisbon
  • SectorOil & Gas Producers
  • CountryPortugal

Analysts

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

The Pause that Refreshes? We continue to believe the weight of the evidence points to a new leg higher for global equities, a viewpoint that is supported by the several international markets that are breaking out to new highs or making bullish inflections since our previous Int'l Compass (10/31/19). While developments continue to lean bullish, global equities have rallied substantially since the start of October, making it perfectly reasonable to expect some consolidation of recent gains which would allow for a more meaningful move higher. • New Highs or Bullish Inflections. The number of in...

With a more favourable environment, GALP ENERGIA SGPS improves to Slightly Positive

GALP ENERGIA SGPS (PT), a company active in the Integrated Oil & Gas industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date November 8, 2019, the closing price was EUR 14.94 and its potential was estimated at EUR 15.69.

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 22/10/2019 - Teva - EN

TP ICAP - Europe - Morning CreditUpdate 22/10/2019 - Teva - EN

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 22/10/2019 - Teva - FR

TP ICAP - Europe - Morning CreditUpdate 22/10/2019 - Teva - FR

Nuno Estácio

Iberia: Termination of Coverage

Due to a reallocation of resources, Haitong Research is terminating coverage of DIA (DIA SM), EDPR (EDPR PL), Galp Energia (GALP PL), REN (RENE PL) and Repsol (REP SM). Effective upon this termination of coverage, our last recommendations, fair values and estimates should not be relied upon going forward.

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 22/10/2019 - Teva - EN

TP ICAP - Europe - Morning CreditUpdate 22/10/2019 - Teva - EN

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 22/10/2019 - Teva - FR

TP ICAP - Europe - Morning CreditUpdate 22/10/2019 - Teva - FR

SCHOELLER ALLIBERT - RATING REPORT

Schoeller Allibert has launched a €210m 5NC2 secured notes offering. The net proceeds will be used mainly to repay existing bank indebtedness and shareholder loans. Along with the transaction, the group has signed a 5-year €30m super senior RCF.

GALP ENERGIA RATING REPORT

Our rating is supported by Galp’s scale of operation as an integrated oil & gas company with strong market share in downstream activity in Portugal. Refining & Marketing (R&M) as well as Gas & Power (G&P) are generating free cash flow to invest in Exploration & Production (E&P) for the development of oil production in Brazil.

Nuno Estácio

Iberia: Termination of Coverage

Due to a reallocation of resources, Haitong Research is terminating coverage of DIA (DIA SM), EDPR (EDPR PL), Galp Energia (GALP PL), REN (RENE PL) and Repsol (REP SM). Effective upon this termination of coverage, our last recommendations, fair values and estimates should not be relied upon going forward.

With a more favourable environment, GALP ENERGIA SGPS improves to Slightly Positive

GALP ENERGIA SGPS (PT), a company active in the Integrated Oil & Gas industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date November 8, 2019, the closing price was EUR 14.94 and its potential was estimated at EUR 15.69.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Galp Energia SGPS SA (GALP) - Power - Deals and Alliances Profile

Summary Galp Energia SGPS S.A. (Galp Energia) is an integrated oil and natural gas company. It explores for, develops and produces crude oil and natural gas; refines crude oil and markets refined petroleum products. The company also imports, transports and distributes natural gas. It conducts the natural gas sourcing and supply in Portugal and serves large industrial clients, power companies, local distribution companies and autonomous reception, storage and regasification gas units (AGUs). It has operations in Spain, Brazil, Angola, Venezuela, Mozambique, Cape Verde, Guinea-Bissau, Swaziland...

Expert Corporate Governance Service (ECGS)

Galp Energia April 12th, 2019

In item 6, shareholders are called to an advisory vote on the remuneration policy statement proposed by the Remuneration Committee. We have concerns over the Committee's composition, as it includes 2 representatives of Amorim Group and only 1 independent member. The overall executive remuneration amount is reasonable (the aggregate variable remuneration is capped at 60% of the base salary) and performance conditions are disclosed. However, the portion of variable components depending on a qualitative assessment (35%) is too high and there are no equity-based incentives. Furthermore, we regret...

Galp energia – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

The Pause that Refreshes? We continue to believe the weight of the evidence points to a new leg higher for global equities, a viewpoint that is supported by the several international markets that are breaking out to new highs or making bullish inflections since our previous Int'l Compass (10/31/19). While developments continue to lean bullish, global equities have rallied substantially since the start of October, making it perfectly reasonable to expect some consolidation of recent gains which would allow for a more meaningful move higher. • New Highs or Bullish Inflections. The number of in...

Matthieu DRIOL

Short term view - Galp Energia SGPS SA-B SHRS : Falling prices.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €15.038. The bearish trend would be challenged above €17.704.

Matthieu DRIOL

Analyse court terme - Galp Energia SGPS SA-B SHRS : Les prix baissent.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 15,038 €. La tendance baissière serait remise en cause au-dessus de 17,704 €.

Matthieu DRIOL

Analyse court terme - Galp Energia SGPS SA-B SHRS : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 15,038 €, puis 14,459 €. Le franchissement de 17,704 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - Galp Energia SGPS SA-B SHRS : The movement goes on.

The trend is bearish. The movement goes on. The next target is at €15.038, then €14.459. Passing €17.704 would question the continuation of the fall.

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