Get startedLog in
    Picture of Galp Energia SGPS SA logo

    GALP — Galp Energia SGPS SA News Story

    0.000.00%
    pt flag iconLast trade - 00:00
    EnergyAdventurousLarge CapSuper Stock
    All News

    Jefferies upgrades Repsol and TotalEnergies, cuts Galp in European oil review

    Picture of Galp Energia SGPS SA logoGalp Energia SGPS SA
    08/01/2026 10:04
    ** Jefferies expects buybacks to drive higher valuations in the European oil industry as it rolls forward its sector estimates to FY27

** It upgrades TotalEnergies TTEF.PA and Repsol REP.MC to "buy", while cutting Galp Energia GALP.LS to "underperform" on valuation concerns

** The broker praises Repsol and Total's strategic consistency and resilience, seeing value growth beyond buyback effects

** In contrast, Galp's growth expectations look unrealistic given its strategy which has been overly focused on the Mopane field in recent years, Jefferies says

RATING AND PT CHANGES:


    COMPANYRATINGOLD RATINGPTOLD PT
    ShellBuy-GBP 34GBP 32
    TotalEnergiesBuyHoldEUR 66EUR 58
    BPHold-GBP 4.4GBP 4.2
    EniBuy-EUR 19.5EUR 18.0
    EquinorHold (reinstated)n/aNOK 220NOK 200
    RepsolBuyHoldEUR 19EUR 13
    OMVBuy-EUR 52EUR 50
    GalpUnderperformHoldEUR 12.2EUR 15
    NesteBuy-EUR 22EUR 23
    

(Reporting by Gemma Guasch)

((Gemma.guasch@thomsonreuters.com))

    Recent news on Galp Energia SGPS SA

    See all news