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

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

Galp Energia, SGPS Stock Performance

GLPEY traded down $0.11 during midday trading on Wednesday, reaching $8.43. 73,485 shares of the company were exchanged, compared to its average volume of 63,404. The company’s fifty day moving average price is $8.53 and its 200 day moving average price is $9.20. The company has a market cap of $11.72 billion, a price-to-earnings ratio of 8.97 and a beta of 0.46. Galp Energia, SGPS has a one year low of $7.46 and a one year high of $11.05.

Galp Energia, SGPS (OTCMKTS:GLPEY) last released its earnings results 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. The company had revenue of $6.02 billion during the quarter. Galp Energia, SGPS had a return on equity of 24.36% and a net margin of 6.17%. As a group, sell-side analysts anticipate that Galp Energia, SGPS will post 0.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GLPEY. Berenberg Bank raised Galp Energia, SGPS to a “strong-buy” rating in a research note on Friday, November 22nd. 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.

Galp Energia, SGPS Company Profile

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.