Galp Energia, SGPS (OTCMKTS:GLPEY) Shares Up 2% - Should You Buy?

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY - Get Free Report) shares traded up 2% on Wednesday . The company traded as high as $8.10 and last traded at $8.10. 39,329 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 76,975 shares. The stock had previously closed at $7.94.

Wall Street Analyst Weigh In

Separately, Cfra Research upgraded Galp Energia, SGPS to a "moderate sell" rating in a report on Tuesday, April 15th.

Galp Energia, SGPS Trading Up 1.1%

The company's 50 day simple moving average is $7.80 and its two-hundred day simple moving average is $8.17. The company has a market cap of $11.31 billion, a PE ratio of 8.65 and a beta of 0.28. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.40.

Galp Energia, SGPS (OTCMKTS:GLPEY - Get Free Report) last announced its earnings results on Monday, April 28th. The energy company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.10. Galp Energia, SGPS had a return on equity of 24.38% and a net margin of 6.17%. The company had revenue of $5.44 billion during the quarter, compared to analysts' expectations of $4.32 billion. As a group, sell-side analysts anticipate that Galp Energia, SGPS, S.A. will post 0.75 EPS for the current fiscal year.

Galp Energia, SGPS Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd will be given a dividend of $0.0978 per share. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, June 2nd. Galp Energia, SGPS's dividend payout ratio is currently 18.09%.

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.