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

Galp Energia SGPS SA (OTCMKTS:GLPEY) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 27,159 shares, an increase of 102.3% from the May 31st total of 13,426 shares. Based on an average daily volume of 221,499 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. HSBC downgraded 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 report on Tuesday, March 24th. Zacks Research lowered Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Jefferies Financial Group upgraded Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a research report on Sunday, April 5th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Galp Energia SGPS Price Performance

OTCMKTS GLPEY traded up $0.04 during trading hours on Tuesday, reaching $10.59. 54,504 shares of the company’s stock were exchanged, compared to its average volume of 111,111. The firm has a fifty day moving average of $11.08 and a 200-day moving average of $10.56. Galp Energia SGPS has a one year low of $8.10 and a one year high of $12.87. The stock has a market cap of $14.38 billion, a PE ratio of 21.18 and a beta of -0.08. The company has a current ratio of 1.68, a quick ratio of 1.38 and a debt-to-equity ratio of 0.59.

Galp Energia SGPS (OTCMKTS:GLPEY) last issued its quarterly earnings data on Monday, April 27th. The energy company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $5.73 billion. Galp Energia SGPS had a net margin of 3.20% and a return on equity of 20.23%. On average, equities research analysts predict that Galp Energia SGPS will post 1 earnings per share for the current fiscal 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.