Galp Energia, SGPS (OTCMKTS:GLPEY) Share Price Crosses Below Fifty Day Moving Average of $10.40

Shares of Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.40 and traded as low as $10.13. Galp Energia, SGPS shares last traded at $10.18, with a volume of 53,089 shares trading hands.

Galp Energia, SGPS Stock Down 1.4 %

The firm’s 50-day simple moving average is $10.39 and its two-hundred day simple moving average is $9.30. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.31 and a current ratio of 1.62. The stock has a market cap of $14.56 billion, a price-to-earnings ratio of 10.82 and a beta of 0.51.

Galp Energia, SGPS (OTCMKTS:GLPEY) last issued its quarterly earnings data on Monday, July 22nd. The energy company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.11. The firm had revenue of $6.30 billion during the quarter. Galp Energia, SGPS had a net margin of 6.32% and a return on equity of 25.06%. On average, sell-side analysts expect that Galp Energia, SGPS, S.A. will post 0.67 EPS for the current fiscal year.

Galp Energia, SGPS Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $0.1464 per share. The ex-dividend date was Monday, June 3rd.

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.