Short Interest in Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) Rises By 356.8%

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 33,800 shares, a growth of 356.8% from the November 30th total of 7,400 shares. Based on an average trading volume of 116,300 shares, the short-interest ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

A number of research firms have commented on GLPEY. The Goldman Sachs Group raised shares of Galp Energia, SGPS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 4th. Berenberg Bank raised Galp Energia, SGPS to a “strong-buy” rating in a research note on Friday, November 22nd.

Galp Energia, SGPS Stock Down 0.3 %

Shares of OTCMKTS GLPEY traded down $0.03 during trading on Friday, hitting $8.71. 119,432 shares of the company traded hands, compared to its average volume of 77,491. The firm has a market capitalization of $12.11 billion, a price-to-earnings ratio of 9.27 and a beta of 0.47. The business’s fifty day moving average is $8.55 and its 200 day moving average is $9.52. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.31 and a current ratio of 1.62. Galp Energia, SGPS has a fifty-two week low of $7.26 and a fifty-two week high of $11.05.

Galp Energia, SGPS (OTCMKTS:GLPEY) last released its quarterly earnings data on Monday, October 28th. The energy company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The firm had revenue of $6.02 billion for the quarter. Galp Energia, SGPS had a net margin of 6.17% and a return on equity of 24.36%. Equities research analysts predict that Galp Energia, SGPS will post 0.75 earnings per share for the current fiscal year.

About Galp Energia, SGPS

Galp Energia, SGPS, SA operates as an integrated energy operator in Portugal and internationally. The company operates through four segments: Upstream, Industrial & Midstream, Commercial, and Renewables and New Business. The Upstream segment engages in the exploration, development, and production of hydrocarbons primarily in Brazil, Mozambique, Namibia, and Angola.