Brokers Issue Forecasts for Galp Energia, SGPS, S.A.’s FY2022 Earnings (OTCMKTS:GLPEY)

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEYGet Rating) – Analysts at Jefferies Financial Group dropped their FY2022 earnings per share estimates for Galp Energia, SGPS in a report issued on Friday, September 23rd. Jefferies Financial Group analyst G. Romeo now forecasts that the energy company will post earnings of $0.85 per share for the year, down from their previous estimate of $0.97. The consensus estimate for Galp Energia, SGPS’s current full-year earnings is $0.73 per share. Jefferies Financial Group also issued estimates for Galp Energia, SGPS’s Q1 2023 earnings at $0.27 EPS, Q2 2023 earnings at $0.30 EPS, Q3 2023 earnings at $0.30 EPS, Q4 2023 earnings at $0.26 EPS, FY2023 earnings at $1.12 EPS, Q1 2024 earnings at $0.23 EPS, Q2 2024 earnings at $0.29 EPS and FY2024 earnings at $1.09 EPS.

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 investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. According to, Galp Energia, SGPS currently has an average rating of “Hold” and an average price target of $13.63.

Galp Energia, SGPS Stock Performance

Shares of GLPEY stock opened at $4.50 on Monday. The stock has a fifty day moving average price of $5.21 and a 200 day moving average price of $5.69. The stock has a market cap of $7.46 billion, a PE ratio of -450.00 and a beta of 0.69. Galp Energia, SGPS has a 1 year low of $4.44 and a 1 year high of $6.88. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.15 and a current ratio of 1.37.

Galp Energia, SGPS Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, October 5th. Shareholders of record on Friday, September 23rd will be given a dividend of $0.0822 per share. This represents a yield of 3.21%. The ex-dividend date is Thursday, September 22nd. Galp Energia, SGPS’s payout ratio is -1,600.00%.

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.

Further Reading

Earnings History and Estimates for Galp Energia, SGPS (OTCMKTS:GLPEY)

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