Galp Energia SGPS (OTCMKTS:GLPEY) Trading Down 3.6% - What's Next?

Key Points

• Galp Energia SGPS's share price fell by 3.6% to $9.54, with trading volume down 55% compared to its average.
• Analysts have upgraded the stock to a "strong-buy" rating, with a consensus rating of "strong buy" from four research analysts.
• Galp Energia recently reported earnings that exceeded expectations, with revenue of $5.77 billion, surpassing the consensus estimate of $3.83 billion.

Galp Energia SGPS SA (OTCMKTS:GLPEY - Get Free Report)'s share price was down 3.6% during mid-day trading on Wednesday . The stock traded as low as $9.54 and last traded at $9.54. Approximately 33,309 shares changed hands during trading, a decline of 55% from the average daily volume of 74,719 shares. The stock had previously closed at $9.90.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein raised shares of Galp Energia SGPS from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 17th. Four research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

Galp Energia SGPS Price Performance

The company has a 50-day moving average of $9.50 and a two-hundred day moving average of $8.80. The stock has a market capitalization of $13.29 billion, a PE ratio of 13.46 and a beta of 0.30. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.64 and a quick ratio of 1.32.

Galp Energia SGPS (OTCMKTS:GLPEY - Get Free Report) last released its earnings results on Monday, July 21st. The energy company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.08. Galp Energia SGPS had a return on equity of 18.15% and a net margin of 4.79%.The firm had revenue of $5.77 billion for the quarter, compared to the consensus estimate of $3.83 billion. Sell-side analysts predict that Galp Energia SGPS SA will post 0.75 EPS for the current fiscal year.

Galp Energia SGPS Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were paid a dividend of $0.0821 per share. The ex-dividend date was Friday, August 15th. This represents a yield of 179.0%. Galp Energia SGPS's dividend payout ratio is currently 22.54%.

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.

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