Galp Energia, SGPS (OTCMKTS:GLPEY) Shares Down 0.1% - Here's What Happened

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY - Get Free Report) shares were down 0.1% during trading on Monday . The company traded as low as $8.23 and last traded at $8.25. Approximately 69,970 shares changed hands during trading, a decline of 10% from the average daily volume of 77,674 shares. The stock had previously closed at $8.26.

Analysts Set New Price Targets

Separately, Berenberg Bank raised shares of Galp Energia, SGPS to a "strong-buy" rating in a research note on Friday.

Galp Energia, SGPS Trading Down 0.1 %

The company has a current ratio of 1.62, a quick ratio of 1.31 and a debt-to-equity ratio of 0.53. The stock has a market cap of $11.47 billion, a PE ratio of 8.78 and a beta of 0.49. The business has a 50 day moving average of $8.86 and a 200-day moving average of $9.83.

Galp Energia, SGPS (OTCMKTS:GLPEY - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. The company had revenue of $6.02 billion during the quarter. Galp Energia, SGPS had a return on equity of 24.36% and a net margin of 6.17%. On average, analysts anticipate that Galp Energia, SGPS, S.A. will post 0.75 EPS for the current year.

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 & 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.