Galp Energia SGPS SA Announces None Dividend of $0.09 (GLPEY)
Galp Energia SGPS SA (OTCMKTS:GLPEY) announced a None dividend on Wednesday, September 6th, Zacks reports. Stockholders of record on Wednesday, September 20th will be paid a dividend of 0.085 per share by the energy company on Friday, October 6th. The ex-dividend date is Tuesday, September 19th.
Galp Energia SGPS SA (OTCMKTS GLPEY) opened at 8.43 on Thursday. Galp Energia SGPS SA has a 12 month low of $6.08 and a 12 month high of $8.57. The stock has a market cap of $13.98 billion, a P/E ratio of 28.87 and a beta of 0.51. The firm’s 50-day moving average price is $8.22 and its 200-day moving average price is $7.74.
Several brokerages have recently commented on GLPEY. Zacks Investment Research lowered Galp Energia SGPS SA from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. Jefferies Group LLC downgraded Galp Energia SGPS SA from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Finally, Deutsche Bank AG downgraded Galp Energia SGPS SA from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.25.
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About Galp Energia SGPS SA
Galp Energia, SGPS, SA operates as oil and natural gas integrated operator worldwide. Its Exploration & Production segment explores, develops, and produces hydrocarbons in approximately 53 projects with proved, probable, and possible reserves of 673 million barrels of oil equivalent. The companys Refining & Marketing of Oil Products segment engages in the refining, retail, and wholesale marketing of oil products; operation of oil products storage and transportation infrastructure; and operation of 1,436 service stations in Portugal, Spain, and Africa.
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