Short Interest in Galp Energia SGPS SA (OTCMKTS:GLPEY) Decreases By 53.3%
by Tristan Rich · The Markets DailyGalp Energia SGPS SA (OTCMKTS:GLPEY – Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 32,416 shares, a decline of 53.3% from the August 15th total of 69,471 shares. Based on an average daily volume of 61,422 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are sold short.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. Zacks Research lowered Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Morgan Stanley reaffirmed an “overweight” rating on shares of Galp Energia SGPS in a research note on Friday, September 4th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.
View Our Latest Analysis on Galp Energia SGPS
Galp Energia SGPS Price Performance
Shares of Galp Energia SGPS stock opened at $12.30 on Tuesday. The company’s fifty day simple moving average is $11.74 and its two-hundred day simple moving average is $11.46. Galp Energia SGPS has a 12-month low of $8.10 and a 12-month high of $12.87. The firm has a market cap of $16.70 billion, a PE ratio of 14.30 and a beta of -0.05. The company has a quick ratio of 1.20, a current ratio of 1.53 and a debt-to-equity ratio of 0.54.
Galp Energia SGPS (OTCMKTS:GLPEY – Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The energy company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.34 by $0.26. The firm had revenue of $8.02 billion during the quarter, compared to the consensus estimate of $6.79 billion. Galp Energia SGPS had a net margin of 5.43% and a return on equity of 30.13%. As a group, equities analysts expect that Galp Energia SGPS will post 1.21 EPS for the current year.
Galp Energia SGPS Company Profile
Galp Energia SGPS, SA is a Portugal-based integrated energy company engaged in the exploration, production, refining, marketing and distribution of energy products. Through its upstream activities, Galp develops oil and natural gas resources, with operations and interests in areas including Brazil, Mozambique and Namibia.
The company also operates in downstream energy markets, supplying and marketing fuels, lubricants and other petroleum products. Its activities include refining, fuel distribution, retail service stations and the provision of energy solutions to business and household customers, primarily across Portugal and Spain.
Galp is expanding beyond traditional hydrocarbons through investments in renewable power generation, solar energy, electric-vehicle charging, low-carbon fuels and other energy-transition technologies.