Galp Energia, SGPS (OTCMKTS:GLPEY) Shares Down 1%

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY)’s stock price dropped 1% during mid-day trading on Tuesday . The stock traded as low as $9.34 and last traded at $9.37. Approximately 55,189 shares were traded during mid-day trading, a decline of 14% from the average daily volume of 63,944 shares. The stock had previously closed at $9.46.

Galp Energia, SGPS Price Performance

The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.31 and a current ratio of 1.62. The firm has a fifty day simple moving average of $10.22 and a 200 day simple moving average of $9.86. The company has a market capitalization of $13.40 billion, a PE ratio of 9.78 and a beta of 0.49.

Galp Energia, SGPS (OTCMKTS:GLPEY) last announced its quarterly earnings results on Monday, July 22nd. The energy company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.14 by $0.11. The firm had revenue of $6.30 billion for the quarter. Galp Energia, SGPS had a return on equity of 25.06% and a net margin of 6.32%. Equities analysts anticipate that Galp Energia, SGPS, S.A. will post 0.7 EPS for the current year.

Galp Energia, SGPS Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were issued a $0.1553 dividend. The ex-dividend date of this dividend was Monday, August 19th. This is a positive change from Galp Energia, SGPS’s previous dividend of $0.15.

About Galp Energia, SGPS

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.