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

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 7,400 shares, a decrease of 41.7% from the November 15th total of 12,700 shares. Based on an average daily trading volume, of 124,600 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

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

Galp Energia, SGPS Stock Up 0.8 %

Shares of GLPEY traded up $0.07 during mid-day trading on Friday, reaching $8.90. The company’s stock had a trading volume of 74,055 shares, compared to its average volume of 76,538. The company has a market cap of $12.38 billion, a price-to-earnings ratio of 9.47 and a beta of 0.47. The business has a fifty day moving average of $8.65 and a 200 day moving average of $9.64. 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 has a 1 year low of $7.12 and a 1 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 for the quarter, beating the consensus estimate of $0.16 by $0.04. The company had revenue of $6.02 billion for the quarter. Galp Energia, SGPS had a return on equity of 24.36% and a net margin of 6.17%. As a group, analysts forecast that Galp Energia, SGPS will post 0.75 earnings per share 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.