GALP ENERGIA SG/ADR (GLPEY) Announces Semi-Annual Dividend of $0.11
GALP ENERGIA SG/ADR (OTCMKTS:GLPEY) announced a Semi-Annual dividend on Friday, September 7th, Zacks reports. Stockholders of record on Wednesday, September 19th will be paid a dividend of 0.105 per share by the energy company on Friday, October 5th. The ex-dividend date is Tuesday, September 18th.
Shares of GLPEY traded up $0.01 during mid-day trading on Thursday, hitting $9.67. 184 shares of the company’s stock were exchanged, compared to its average volume of 18,228. The stock has a market capitalization of $14.53 billion, a PE ratio of 28.55, a P/E/G ratio of 1.05 and a beta of 0.87. GALP ENERGIA SG/ADR has a fifty-two week low of $8.33 and a fifty-two week high of $10.43. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.36 and a current ratio of 1.76.
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of GALP ENERGIA SG/ADR from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Monday, August 13th. JPMorgan Chase & Co. cut shares of GALP ENERGIA SG/ADR from an “overweight” rating to a “neutral” rating in a report on Tuesday.
Galp Energia, SGPS, SA operates as oil and natural gas integrated operator worldwide. Its Exploration & Production segment explores, develops, and produces hydrocarbons in approximately 51 projects with proved, probable, and possible reserves of 748 million barrels of oil equivalent. The company's Refining & Marketing of Oil Products segment engages in the refining, retail, and wholesale marketing of oil products; operation of oil products storage and transportation infrastructure; and operation of 1,459 service stations in Portugal, Spain, and Africa.
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