Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) Short Interest Update

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 86,300 shares, an increase of 155.3% from the December 15th total of 33,800 shares. Based on an average daily volume of 181,700 shares, the short-interest ratio is presently 0.5 days.

Galp Energia, SGPS Trading Up 2.9 %

OTCMKTS GLPEY traded up $0.25 on Wednesday, reaching $8.75. The stock had a trading volume of 54,338 shares, compared to its average volume of 81,826. Galp Energia, SGPS has a 12-month low of $7.46 and a 12-month high of $11.05. The stock has a fifty day moving average price of $8.44 and a two-hundred day moving average price of $9.35. The firm has a market capitalization of $12.17 billion, a price-to-earnings ratio of 9.31 and a beta of 0.46. The company has a quick ratio of 1.31, a current ratio of 1.62 and a debt-to-equity ratio of 0.53.

Galp Energia, SGPS (OTCMKTS:GLPEY) last posted its quarterly earnings data on Monday, October 28th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. Galp Energia, SGPS had a return on equity of 24.36% and a net margin of 6.17%. The firm had revenue of $6.02 billion for the quarter. As a group, sell-side analysts forecast that Galp Energia, SGPS will post 0.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GLPEY has been the subject of a number of recent analyst reports. The Goldman Sachs Group upgraded shares of Galp Energia, SGPS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 4th. Berenberg Bank upgraded Galp Energia, SGPS to a “strong-buy” rating in a research report on Friday, November 22nd.

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.