Galp Energia, SGPS (OTCMKTS:GLPEY) Sets New 1-Year Low at $4.44

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEYGet Rating) reached a new 52-week low during trading on Friday . The stock traded as low as $4.44 and last traded at $4.50, with a volume of 61719 shares traded. The stock had previously closed at $4.92.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reduced their price objective on Galp Energia, SGPS from €17.00 ($17.35) to €16.00 ($16.33) and set an “outperform” rating for the company in a report on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.63.

Galp Energia, SGPS Trading Down 8.5 %

The stock has a 50 day simple moving average of $5.22 and a 200-day simple moving average of $5.71. The firm has a market capitalization of $7.46 billion, a P/E ratio of 20.99 and a beta of 0.69. The company has a current ratio of 1.37, a quick ratio of 1.15 and a debt-to-equity ratio of 0.75.

Galp Energia, SGPS Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Friday, September 23rd will be paid a dividend of $0.0822 per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a dividend yield of 3.21%. Galp Energia, SGPS’s dividend payout ratio is currently -1,700.00%.

About Galp Energia, SGPS

(Get Rating)

Galp Energia, SGPS, SA operates as an integrated energy operator in Portugal and internationally. The company operates through four segments: Upstream, Industrial & Energy Management, Commercial, and Renewables and New Business. The Upstream segment engages in the exploration, development, and production of hydrocarbons primarily in Brazil, Mozambique, and Angola.

Read More

Receive News & Ratings for Galp Energia SGPS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Galp Energia SGPS and related companies with MarketBeat.com's FREE daily email newsletter.