Galp Energia SGPS SA (OTCMKTS:GLPEY) Shares Shorted: Short Interest Up 192.4% in October

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on GLPEY shares. BNP Paribas Exane lowered shares of Galp Energia SGPS to a “hold” rating in a research note on Tuesday. Morgan Stanley reiterated an “overweight” rating on shares of Galp Energia SGPS in a research note on Friday, September 4th. Citigroup reissued a “neutral” rating on shares of Galp Energia SGPS in a report on Tuesday, October 13th. Zacks Research raised Galp Energia SGPS from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th. Finally, Barclays reaffirmed an “overweight” rating on shares of Galp Energia SGPS in a research note on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Galp Energia SGPS has a consensus rating of “Moderate Buy”.

Galp Energia SGPS Stock Performance

Shares of Galp Energia SGPS stock opened at $11.52 on Friday. The stock has a market capitalization of $15.64 billion and a price-to-earnings ratio of 14.22. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.53 and a quick ratio of 1.20. The business has a 50-day moving average of $12.39 and a 200 day moving average of $11.40. Galp Energia SGPS has a 12 month low of $8.10 and a 12 month high of $13.09.

Galp Energia SGPS (OTCMKTS:GLPEY) last announced its quarterly earnings data on Monday, October 26th. The energy company reported $0.16 EPS 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 company had revenue of $9.06 billion for the quarter, compared to analyst estimates of $9.38 billion. As a group, sell-side analysts forecast that Galp Energia SGPS will post 1.45 earnings per share for the current year.

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.