Galp Energia SGPS SA (OTCMKTS:GLPEY) Short Interest Update

Galp Energia SGPS SA (OTCMKTS:GLPEY) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 21,489 shares, a growth of 364.7% from the April 30th total of 4,624 shares. Based on an average daily volume of 97,294 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. HSBC cut shares of Galp Energia SGPS from a “buy” rating to a “hold” rating in a report on Friday, March 20th. Morgan Stanley cut Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 24th. Jefferies Financial Group raised shares of Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a research report on Sunday, April 5th. JPMorgan Chase & Co. upgraded shares of Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a research note on Tuesday, February 3rd. Finally, Zacks Research cut shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Galp Energia SGPS Price Performance

Shares of Galp Energia SGPS stock opened at $10.72 on Friday. Galp Energia SGPS has a one year low of $7.97 and a one year high of $12.87. The stock’s fifty day moving average is $11.57 and its 200 day moving average is $10.46. The stock has a market cap of $14.56 billion, a P/E ratio of 21.44 and a beta of -0.06. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.38 and a current ratio of 1.68.

Galp Energia SGPS (OTCMKTS:GLPEY) last announced its earnings results on Monday, April 27th. The energy company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Galp Energia SGPS had a return on equity of 20.23% and a net margin of 3.20%.The company had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $5.73 billion. Sell-side analysts anticipate that Galp Energia SGPS will post 1 earnings per share for the current year.

About Galp Energia SGPS

Galp Energia SGPS is an integrated energy company headquartered in Lisbon, Portugal, with core operations spanning upstream exploration and production, midstream refining, and downstream distribution and marketing. In its upstream segment, the company explores and produces oil and natural gas in regions such as Brazil’s pre-salt basins, African offshore blocks in Angola and Mozambique, and domestic wells in Portugal. Its midstream activities include refining crude oil at the Sines facility and operating a network of pipelines, while downstream operations involve the distribution and retail sale of petroleum products through the Galp-branded service station network across the Iberian Peninsula.

In addition to its traditional oil and gas business, Galp has expanded into power generation and renewable energy.