Galp Energia, SGPS (OTCMKTS:GLPEY) Reaches New 1-Year Low – Here’s What Happened

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) reached a new 52-week low on Monday . The company traded as low as $7.72 and last traded at $7.72, with a volume of 94480 shares. The stock had previously closed at $7.77.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Berenberg Bank raised shares of Galp Energia, SGPS to a “strong-buy” rating in a research report on Friday, November 22nd. The Goldman Sachs Group raised shares of Galp Energia, SGPS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 4th.

Galp Energia, SGPS Stock Down 0.6 %

The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of 8.21 and a beta of 0.45. The company has a quick ratio of 1.40, a current ratio of 1.64 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average price of $8.42 and a two-hundred day moving average price of $8.94.

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.