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

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. The Goldman Sachs Group raised 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 Trading Down 1.3 %

Shares of OTCMKTS:GLPEY traded down $0.11 on Wednesday, reaching $8.43. 73,485 shares of the company traded hands, compared to its average volume of 63,404. The business’s 50-day simple moving average is $8.53 and its 200 day simple moving average is $9.20. Galp Energia, SGPS has a 52 week low of $7.46 and a 52 week high of $11.05. The stock has a market capitalization of $11.72 billion, a P/E ratio of 8.97 and a beta of 0.46.

Galp Energia, SGPS (OTCMKTS:GLPEY) last announced its quarterly earnings data on Monday, October 28th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. Sell-side analysts expect that Galp Energia, SGPS will post 0.75 EPS 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.