Galp Energia SGPS (OTCMKTS:GLPEY) Releases Quarterly Earnings Results

Galp Energia SGPS (OTCMKTS:GLPEY - Get Free Report) released its quarterly earnings results on Monday. The energy company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.16 by $0.08, Zacks reports. Galp Energia SGPS had a net margin of 4.79% and a return on equity of 18.04%. The firm had revenue of $5.77 billion during the quarter, compared to the consensus estimate of $3.83 billion.

Galp Energia SGPS Price Performance

Shares of OTCMKTS:GLPEY traded down $0.09 on Thursday, reaching $9.81. 11,066 shares of the company were exchanged, compared to its average volume of 90,401. The company has a current ratio of 1.54, a quick ratio of 1.20 and a debt-to-equity ratio of 0.47. Galp Energia SGPS has a 1-year low of $6.76 and a 1-year high of $10.80. The firm has a market cap of $13.64 billion, a price-to-earnings ratio of 13.82 and a beta of 0.31. The company has a 50-day moving average of $8.83 and a 200-day moving average of $8.33.

Galp Energia SGPS Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd were paid a dividend of $0.0978 per share. The ex-dividend date was Monday, June 2nd. This represents a dividend yield of 2.2%. Galp Energia SGPS's dividend payout ratio (DPR) is presently 23.94%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. UBS Group upgraded shares of Galp Energia SGPS from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Sanford C. Bernstein upgraded shares of Galp Energia SGPS from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 17th. Finally, Cfra Research upgraded shares of Galp Energia SGPS to a "moderate sell" rating in a research report on Tuesday, April 15th. Four analysts have rated the stock with a strong buy rating, According to MarketBeat, the company has an average rating of "Strong Buy".

About Galp Energia SGPS

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.