Galp Energia SGPS SA (OTCMKTS:GLPEY) Short Interest Down 53.3% in August

Galp Energia SGPS SA (OTCMKTS:GLPEY – Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 32,416 shares, a drop of 53.3% from the August 15th total of 69,471 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 61,422 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on GLPEY shares. Morgan Stanley reissued an “overweight” rating on shares of Galp Energia SGPS in a research report on Friday, September 4th. Zacks Research lowered Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Galp Energia SGPS presently has a consensus rating of “Hold”.

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Galp Energia SGPS Stock Performance

OTCMKTS:GLPEY opened at $12.39 on Monday. 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 $16.82 billion, a P/E ratio of 14.41 and a beta of -0.05. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.53 and a quick ratio of 1.20. The business has a 50 day simple moving average of $11.71 and a 200 day simple moving average of $11.45.

Galp Energia SGPS (OTCMKTS:GLPEY – Get Free Report) last released its quarterly earnings data on Monday, July 27th. The energy company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.26. Galp Energia SGPS had a net margin of 5.43% and a return on equity of 30.13%. The business had revenue of $8.02 billion for the quarter, compared to analysts’ expectations of $6.79 billion. Equities research analysts predict that Galp Energia SGPS will post 1.21 EPS for the current year.

About Galp Energia SGPS

(Get Free Report)

Galp Energia SGPS, SA is a Portugal-based integrated energy company engaged in the exploration, production, refining, marketing and distribution of energy products. Through its upstream activities, Galp develops oil and natural gas resources, with operations and interests in areas including Brazil, Mozambique and Namibia.

The company also operates in downstream energy markets, supplying and marketing fuels, lubricants and other petroleum products. Its activities include refining, fuel distribution, retail service stations and the provision of energy solutions to business and household customers, primarily across Portugal and Spain.

Galp is expanding beyond traditional hydrocarbons through investments in renewable power generation, solar energy, electric-vehicle charging, low-carbon fuels and other energy-transition technologies.

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