Galp Energia SGPS SA (OTCMKTS:GLPEY) Given Average Rating of “Strong Buy” by Analysts

Galp Energia SGPS SA (OTCMKTS:GLPEY) has been assigned an average recommendation of “Strong Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, one has assigned a buy rating and four have issued a strong buy rating on the company.

A number of equities analysts have weighed in on the stock. Barclays raised shares of Galp Energia SGPS from an “equal weight” rating to an “overweight” rating in a research report on Friday. Santander cut shares of Galp Energia SGPS from an “outperform” rating to a “neutral” rating in a research report on Tuesday.

Galp Energia SGPS Trading Up 1.0%

GLPEY opened at $10.02 on Tuesday. The firm’s 50 day moving average is $9.53 and its 200-day moving average is $9.03. Galp Energia SGPS has a 52-week low of $6.76 and a 52-week high of $10.17. The company has a quick ratio of 1.32, a current ratio of 1.64 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $13.94 billion, a P/E ratio of 13.92 and a beta of 0.30.

Galp Energia SGPS (OTCMKTS:GLPEY) last posted its earnings results on Monday, October 27th. The energy company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.04). Galp Energia SGPS had a return on equity of 18.31% and a net margin of 4.90%.The firm had revenue of $5.81 billion for the quarter. Analysts expect that Galp Energia SGPS will post 0.75 EPS for the current fiscal year.

Galp Energia SGPS Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, September 2nd. Shareholders 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 presently 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.