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

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 12,700 shares, an increase of 144.2% from the October 31st total of 5,200 shares. Based on an average daily volume of 247,100 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Berenberg Bank raised Galp Energia, SGPS to a “strong-buy” rating in a research report on Friday, November 22nd.

Galp Energia, SGPS Trading Down 1.9 %

GLPEY traded down $0.16 on Thursday, reaching $8.23. 52,451 shares of the company’s stock were exchanged, compared to its average volume of 77,533. The company has a market cap of $12.72 billion, a price-to-earnings ratio of 8.76 and a beta of 0.49. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.31 and a current ratio of 1.62. Galp Energia, SGPS has a twelve month low of $7.07 and a twelve month high of $11.05. The company’s 50 day moving average is $8.82 and its 200-day moving average is $9.80.

Galp Energia, SGPS (OTCMKTS:GLPEY) last announced its quarterly 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 firm 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%. Equities analysts predict that Galp Energia, SGPS will post 0.75 earnings per share for the current year.

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.