Galp Energia SGPS SA (OTCMKTS:GLPEY) Short Interest Update

Galp Energia SGPS SA (OTCMKTS:GLPEY) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 4,624 shares, a drop of 77.1% from the April 15th total of 20,225 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 101,636 shares, the short-interest ratio is presently 0.0 days.

Galp Energia SGPS Stock Up 0.3%

Shares of GLPEY traded up $0.04 during mid-day trading on Thursday, hitting $11.27. 39,806 shares of the company’s stock were exchanged, compared to its average volume of 62,269. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.68 and a quick ratio of 1.38. Galp Energia SGPS has a 52 week low of $7.64 and a 52 week high of $12.87. The company has a market cap of $15.30 billion, a PE ratio of 22.54 and a beta of -0.06. The company has a 50-day simple moving average of $11.62 and a 200 day simple moving average of $10.36.

Galp Energia SGPS (OTCMKTS:GLPEY) last announced its quarterly earnings data on Monday, April 27th. The energy company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 20.23% and a net margin of 3.20%. On average, research analysts forecast that Galp Energia SGPS will post 1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on GLPEY. Zacks Research raised Galp Energia SGPS from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Jefferies Financial Group upgraded Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a research report on Sunday, April 5th. HSBC downgraded shares of Galp Energia SGPS from a “buy” rating to a “hold” rating in a research report on Friday, March 20th. JPMorgan Chase & Co. upgraded shares of Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a report on Tuesday, February 3rd. Finally, Morgan Stanley lowered shares of Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 24th. Three equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Galp Energia SGPS Company Profile

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.