Short Interest in Galp Energia SGPS SA (OTCMKTS:GLPEY) Grows By 364.7%

Galp Energia SGPS SA (OTCMKTS:GLPEY) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 21,489 shares, a growth of 364.7% from the April 30th total of 4,624 shares. Based on an average trading volume of 97,294 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

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

Galp Energia SGPS Stock Performance

OTCMKTS:GLPEY traded up $0.03 during mid-day trading on Friday, reaching $10.75. 1,272,153 shares of the stock were exchanged, compared to its average volume of 112,654. The company has a 50 day simple moving average of $11.54 and a 200-day simple moving average of $10.46. The stock has a market capitalization of $14.60 billion, a P/E ratio of 21.50 and a beta of -0.06. The company has a quick ratio of 1.38, a current ratio of 1.68 and a debt-to-equity ratio of 0.59. Galp Energia SGPS has a 1 year low of $7.97 and a 1 year high of $12.87.

Galp Energia SGPS (OTCMKTS:GLPEY) last released its quarterly earnings results on Monday, April 27th. The energy company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The firm had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $5.73 billion. Galp Energia SGPS had a return on equity of 20.23% and a net margin of 3.20%. Analysts anticipate that Galp Energia SGPS will post 1 earnings per share for the current fiscal year.

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.