Galp Energia SGPS SA (OTCMKTS:GLPEY) Short Interest Up 102.3% in June

Galp Energia SGPS SA (OTCMKTS:GLPEY) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 27,159 shares, an increase of 102.3% from the May 31st total of 13,426 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 221,499 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

GLPEY has been the topic of a number of recent research reports. Jefferies Financial Group upgraded Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a research report on Sunday, April 5th. Zacks Research cut Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. HSBC lowered shares of Galp Energia SGPS from a “buy” rating to a “hold” rating in a research note on Friday, March 20th. 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. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold”.

Galp Energia SGPS Trading Up 0.4%

OTCMKTS:GLPEY traded up $0.04 during trading hours on Tuesday, hitting $10.59. The stock had a trading volume of 54,504 shares, compared to its average volume of 111,111. The business’s 50 day moving average is $11.08 and its 200-day moving average is $10.56. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.38 and a current ratio of 1.68. The company has a market cap of $14.38 billion, a price-to-earnings ratio of 21.18 and a beta of -0.08. Galp Energia SGPS has a one year low of $8.10 and a one year high of $12.87.

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

About Galp Energia SGPS

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.