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

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

Analyst Ratings Changes

GLPEY has been the subject of several research analyst reports. Jefferies Financial Group upgraded Galp Energia SGPS from a “moderate sell” rating to a “hold” rating in a 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 downgraded Galp Energia SGPS from a “buy” rating to a “hold” rating in a research report on Friday, March 20th. Finally, Morgan Stanley cut shares of Galp Energia SGPS from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 24th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Galp Energia SGPS Trading Up 2.4%

Shares of OTCMKTS:GLPEY traded up $0.25 during trading on Thursday, reaching $10.78. The company’s stock had a trading volume of 38,195 shares, compared to its average volume of 110,962. The company has a current ratio of 1.68, a quick ratio of 1.38 and a debt-to-equity ratio of 0.59. Galp Energia SGPS has a 12 month low of $8.10 and a 12 month high of $12.87. The firm’s 50 day simple moving average is $11.06 and its two-hundred day simple moving average is $10.59. The stock has a market capitalization of $14.64 billion, a PE ratio of 21.56 and a beta of -0.06.

Galp Energia SGPS (OTCMKTS:GLPEY) last issued its quarterly earnings data on Monday, April 27th. The energy company reported $0.21 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $5.73 billion. On average, research analysts predict that Galp Energia SGPS will post 1.03 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.