Galp Energia SGPS SA (OTCMKTS:GLPEY) Stock Short Interest Report for October

Galp Energia SGPS SA (OTCMKTS:GLPEY) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 55,419 shares, a growth of 192.4% from the September 30th total of 18,954 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 76,793 shares, the days-to-cover ratio is presently 0.7 days.

Galp Energia SGPS Price Performance

Galp Energia SGPS stock opened at $11.60 on Friday. Galp Energia SGPS has a 52 week low of $8.10 and a 52 week high of $13.09. The business has a 50-day simple moving average of $12.37 and a 200 day simple moving average of $11.41. The company has a quick ratio of 1.20, a current ratio of 1.53 and a debt-to-equity ratio of 0.54. The stock has a market cap of $15.75 billion and a price-to-earnings ratio of 10.38.

Galp Energia SGPS (OTCMKTS:GLPEY) last announced its earnings results on Monday, October 26th. The energy company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.36). Galp Energia SGPS had a return on equity of 28.78% and a net margin of 4.55%. The business had revenue of $9.06 billion during the quarter, compared to the consensus estimate of $9.38 billion. On average, research analysts forecast that Galp Energia SGPS will post 1.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GLPEY shares. Zacks Research upgraded Galp Energia SGPS from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. HSBC restated a “hold” rating on shares of Galp Energia SGPS in a research report on Friday, September 25th. Citigroup reaffirmed a “neutral” rating on shares of Galp Energia SGPS in a research note on Tuesday, October 13th. BNP Paribas Exane lowered shares of Galp Energia SGPS to a “hold” rating in a report on Tuesday. Finally, Barclays reaffirmed an “overweight” rating on shares of Galp Energia SGPS in a report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Galp Energia SGPS presently has a consensus rating of “Moderate Buy”.

Galp Energia SGPS Company Profile

Galp Energia SGPS, SA is a Portuguese integrated energy company with activities spanning exploration and production, refining, trading, and the distribution and sale of energy products. The company supplies fuels, natural gas, electricity, lubricants, and other energy-related products to retail, commercial, and industrial customers.

Galp’s upstream business focuses on the exploration, development, and production of crude oil and natural gas, with a significant presence in Brazil and interests in other international projects.