Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY – Get 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 MarketBeat.com, 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
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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