Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Galp Energia, SGPS, S.A. (OTCMKTS:GLPEYGet Rating) have received an average rating of “Buy” from the seven analysts that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $12.73.

GLPEY has been the subject of a number of research analyst reports. Morgan Stanley lowered their target price on Galp Energia, SGPS from €11.50 ($11.86) to €10.40 ($10.72) in a research note on Thursday, October 20th. The Goldman Sachs Group upgraded Galp Energia, SGPS from a “neutral” rating to a “buy” rating in a research note on Sunday, November 6th. Finally, Royal Bank of Canada lowered their price objective on Galp Energia, SGPS from €14.00 ($14.43) to €13.50 ($13.92) in a research note on Wednesday, October 26th.

Galp Energia, SGPS Price Performance

Shares of GLPEY stock opened at $5.78 on Monday. The firm has a market cap of $9.59 billion, a P/E ratio of -578.00 and a beta of 0.71. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.33. The business’s 50 day moving average price is $5.10 and its 200-day moving average price is $5.41. Galp Energia, SGPS has a fifty-two week low of $4.36 and a fifty-two week high of $6.88.

Galp Energia, SGPS Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, October 5th. Shareholders of record on Friday, September 23rd were issued a $0.0822 dividend. This represents a dividend yield of 3.21%. The ex-dividend date of this dividend was Thursday, September 22nd. Galp Energia, SGPS’s payout ratio is -1,600.00%.

Galp Energia, SGPS Company Profile

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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.

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Analyst Recommendations for Galp Energia, SGPS (OTCMKTS:GLPEY)

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