Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) Forecasted to Earn FY2022 Earnings of $0.74 Per Share

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEYGet Rating) – Jefferies Financial Group boosted their FY2022 earnings per share estimates for Galp Energia, SGPS in a report released on Wednesday, November 9th. Jefferies Financial Group analyst G. Romeo now forecasts that the energy company will post earnings per share of $0.74 for the year, up from their previous estimate of $0.72. The consensus estimate for Galp Energia, SGPS’s current full-year earnings is $0.62 per share. Jefferies Financial Group also issued estimates for Galp Energia, SGPS’s Q1 2023 earnings at $0.25 EPS, Q2 2023 earnings at $0.26 EPS, Q3 2023 earnings at $0.27 EPS, Q4 2023 earnings at $0.26 EPS, FY2023 earnings at $1.03 EPS, Q1 2024 earnings at $0.22 EPS, Q2 2024 earnings at $0.26 EPS, Q3 2024 earnings at $0.27 EPS and FY2024 earnings at $0.98 EPS.

Several other equities research analysts have also recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Galp Energia, SGPS from a “neutral” rating to a “buy” rating in a research report on Sunday, November 6th. Morgan Stanley lowered their price objective on Galp Energia, SGPS from €11.50 ($11.50) to €10.40 ($10.40) in a research report on Thursday, October 20th. Finally, Royal Bank of Canada cut their target price on Galp Energia, SGPS from €14.00 ($14.00) to €13.50 ($13.50) in a research report on Wednesday, October 26th. Two analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.73.

Galp Energia, SGPS Stock Up 5.4 %

Shares of OTCMKTS:GLPEY opened at $5.82 on Monday. The firm has a market cap of $9.65 billion, a P/E ratio of -582.00 and a beta of 0.71. The business has a fifty day simple moving average of $5.04 and a 200 day simple moving average of $5.41. The company has a quick ratio of 1.05, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. Galp Energia, SGPS has a 12-month low of $4.36 and a 12-month high of $6.88.

Galp Energia, SGPS Cuts Dividend

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

About Galp Energia, SGPS

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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.

Further Reading

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

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