Galp Energia SGPS (OTCMKTS:GLPEY) Sets New 52-Week High After Earnings Beat

Galp Energia SGPS SA (OTCMKTS:GLPEY) reached a new 52-week high during trading on Monday following a stronger than expected earnings report. The company traded as high as $10.14 and last traded at $10.14, with a volume of 40396 shares. The stock had previously closed at $9.84.

The energy company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. Galp Energia SGPS had a return on equity of 18.15% and a net margin of 4.79%.

Galp Energia SGPS Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were given a dividend of $0.0821 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a dividend yield of 179.0%. Galp Energia SGPS’s dividend payout ratio is presently 22.54%.

Galp Energia SGPS Trading Up 2.9%

The company has a quick ratio of 1.32, a current ratio of 1.64 and a debt-to-equity ratio of 0.59. The stock’s 50 day moving average price is $9.49 and its 200-day moving average price is $8.95. The stock has a market capitalization of $14.09 billion, a P/E ratio of 14.27 and a beta of 0.30.

Galp Energia SGPS Company Profile

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.