Galp Energia SGPS SA (OTCMKTS:GLPEY) Short Interest Update

Galp Energia SGPS SA (OTCMKTS:GLPEY) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 4,624 shares, a decline of 77.1% from the April 15th total of 20,225 shares. Based on an average daily trading volume, of 101,636 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Morgan Stanley cut Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 24th. Zacks Research raised Galp Energia SGPS from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. JPMorgan Chase & Co. raised Galp Energia SGPS from a “neutral” rating to an “overweight” rating in a report on Tuesday, February 3rd. HSBC cut Galp Energia SGPS from a “buy” rating to a “hold” rating in a report on Friday, March 20th. Finally, Jefferies Financial Group raised Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a report on Sunday, April 5th. Three equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Galp Energia SGPS Stock Up 2.3%

Shares of Galp Energia SGPS stock traded up $0.26 on Friday, hitting $11.53. The company had a trading volume of 11,208 shares, compared to its average volume of 61,632. The stock has a market capitalization of $15.66 billion, a price-to-earnings ratio of 23.06 and a beta of -0.06. Galp Energia SGPS has a 1 year low of $7.64 and a 1 year high of $12.87. The stock has a 50 day moving average of $11.62 and a 200-day moving average of $10.37. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.38 and a current ratio of 1.68.

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