Short Interest in Galp Energia SGPS SA (OTCMKTS:GLPEY) Increases By 102.3%

Galp Energia SGPS SA (OTCMKTS:GLPEYGet Free Report) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 27,159 shares, a growth of 102.3% from the May 31st total of 13,426 shares. Based on an average trading volume of 221,499 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Galp Energia SGPS Stock Performance

Shares of GLPEY stock traded down $0.10 on Wednesday, reaching $10.51. The stock had a trading volume of 44,629 shares, compared to its average volume of 111,013. Galp Energia SGPS has a 12 month low of $8.10 and a 12 month high of $12.87. The firm has a market capitalization of $14.27 billion, a price-to-earnings ratio of 21.02 and a beta of -0.08. The firm’s 50-day moving average is $11.07 and its two-hundred day moving average is $10.58. The company has a quick ratio of 1.38, a current ratio of 1.68 and a debt-to-equity ratio of 0.59.

Galp Energia SGPS (OTCMKTS:GLPEYGet Free Report) last announced its quarterly earnings results on Monday, April 27th. The energy company reported $0.21 earnings per share 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 business had revenue of $6.19 billion for the quarter, compared to analyst estimates of $5.73 billion. On average, research analysts expect that Galp Energia SGPS will post 1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on GLPEY. Zacks Research cut Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. HSBC lowered Galp Energia SGPS from a “buy” rating to a “hold” rating in a research report on Friday, March 20th. Morgan Stanley downgraded Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 24th. Finally, 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. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Galp Energia SGPS currently has a consensus rating of “Hold”.

View Our Latest Report on GLPEY

About Galp Energia SGPS

(Get Free Report)

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.

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