Galp Energia SGPS SA (OTCMKTS:GLPEY - Get Free Report)'s share price was down 0.6% during mid-day trading on Thursday . The company traded as low as $9.53 and last traded at $9.55. Approximately 54,460 shares changed hands during trading, a decline of 73% from the average daily volume of 203,926 shares. The stock had previously closed at $9.61.
Analyst Ratings Changes
GLPEY has been the subject of a number of recent research reports. Cfra Research raised shares of Galp Energia SGPS to a "moderate sell" rating in a research report on Tuesday, April 15th. UBS Group upgraded Galp Energia SGPS from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 2nd. Finally, Sanford C. Bernstein raised Galp Energia SGPS from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 17th. Four investment analysts have rated the stock with a strong buy rating, Based on data from MarketBeat.com, the company has an average rating of "Strong Buy".
View Our Latest Research Report on Galp Energia SGPS
Galp Energia SGPS Price Performance
The company has a market cap of $13.31 billion, a PE ratio of 10.18 and a beta of 0.31. The stock's 50-day moving average is $8.54 and its 200 day moving average is $8.27.
Galp Energia SGPS (OTCMKTS:GLPEY - Get Free Report) last issued its earnings results on Monday, April 28th. The energy company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.10. The firm had revenue of $5.44 billion during the quarter, compared to analysts' expectations of $4.32 billion. On average, analysts expect that Galp Energia SGPS SA will post 0.75 EPS for the current year.
Galp Energia SGPS Cuts Dividend
The firm also recently declared a dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, June 3rd were issued a $0.0978 dividend. The ex-dividend date was Monday, June 2nd. This represents a yield of 2.2%. Galp Energia SGPS's dividend payout ratio (DPR) is presently 18.09%.
Galp Energia SGPS Company Profile
(
Get Free Report)
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.
See Also
Before you consider Galp Energia SGPS, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Galp Energia SGPS wasn't on the list.
While Galp Energia SGPS currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
