Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) Short Interest Update

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totalling 33,800 shares, an increase of 356.8% from the November 30th total of 7,400 shares. Based on an average daily volume of 116,300 shares, the short-interest ratio is presently 0.3 days.

Galp Energia, SGPS Trading Up -0.3 %

OTCMKTS GLPEY traded up $0.04 during trading hours on Friday, reaching $8.71. The company had a trading volume of 119,375 shares, compared to its average volume of 77,491. Galp Energia, SGPS has a 1-year low of $7.26 and a 1-year high of $11.05. The stock has a market capitalization of $12.11 billion, a P/E ratio of 9.27 and a beta of 0.47. The stock has a 50-day moving average of $8.56 and a 200 day moving average of $9.53. The company has a current ratio of 1.62, a quick ratio of 1.31 and a debt-to-equity ratio of 0.53.

Galp Energia, SGPS (OTCMKTS:GLPEY) last issued its quarterly earnings results on Monday, October 28th. The energy company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. Galp Energia, SGPS had a net margin of 6.17% and a return on equity of 24.36%. The company had revenue of $6.02 billion for the quarter. As a group, research analysts anticipate that Galp Energia, SGPS will post 0.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GLPEY. Berenberg Bank raised shares of Galp Energia, SGPS to a “strong-buy” rating in a research note on Friday, November 22nd. The Goldman Sachs Group upgraded Galp Energia, SGPS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 4th.

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.