Galp Energia SGPS SA (OTCMKTS:GLPEY) Short Interest Down 37.5% in May

Galp Energia SGPS SA (OTCMKTS:GLPEY) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 13,426 shares, a drop of 37.5% from the May 14th total of 21,489 shares. Based on an average daily volume of 649,579 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

GLPEY has been the subject of a number of recent research reports. Morgan Stanley cut shares of Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, March 24th. HSBC cut shares of Galp Energia SGPS from a “buy” rating to a “hold” rating in a research note on Friday, March 20th. Jefferies Financial Group raised shares of Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a research note on Sunday, April 5th. Finally, Zacks Research cut shares of Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold”.

Galp Energia SGPS Price Performance

GLPEY stock opened at $11.00 on Monday. The stock has a market capitalization of $14.94 billion, a P/E ratio of 22.00 and a beta of -0.08. 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 has a one year low of $8.10 and a one year high of $12.87. The company has a 50 day moving average price of $11.34 and a two-hundred day moving average price of $10.51.

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