Galp Energia SGPS (OTCMKTS:GLPEY) Sets New 12-Month High – Here’s What Happened

Galp Energia SGPS SA (OTCMKTS:GLPEY) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $10.22 and last traded at $10.19, with a volume of 36100 shares traded. The stock had previously closed at $10.15.

Wall Street Analyst Weigh In

Several research analysts have recently commented on GLPEY shares. Barclays raised shares of Galp Energia SGPS from an “equal weight” rating to an “overweight” rating in a report on Friday, October 31st. Santander lowered shares of Galp Energia SGPS from an “outperform” rating to a “neutral” rating in a research note on Tuesday, October 28th. Four analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Strong Buy”.

Galp Energia SGPS Stock Up 0.3%

The firm has a market capitalization of $14.16 billion, a price-to-earnings ratio of 14.14 and a beta of 0.26. The stock has a 50 day moving average of $9.58 and a 200 day moving average of $9.12. The company has a quick ratio of 1.32, a current ratio of 1.64 and a debt-to-equity ratio of 0.59.

Galp Energia SGPS (OTCMKTS:GLPEY) last posted its quarterly earnings data on Monday, October 27th. The energy company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.04). The business had revenue of $5.81 billion for the quarter. Galp Energia SGPS had a net margin of 4.90% and a return on equity of 18.31%. As a group, analysts expect that Galp Energia SGPS SA will post 0.75 earnings per share for the current fiscal year.

Galp Energia SGPS Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were given a $0.0821 dividend. This represents a yield of 179.0%. The ex-dividend date of this dividend was Friday, August 15th. Galp Energia SGPS’s dividend payout ratio is 22.22%.

Galp Energia SGPS Company Profile

Galp Energia, SGPS, SA operates as an integrated energy operator in Portugal and internationally. The company operates through four segments: Upstream, Industrial & Midstream, Commercial, and Renewables and New Business. The Upstream segment engages in the exploration, development, and production of hydrocarbons primarily in Brazil, Mozambique, Namibia, and Angola.