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

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 7,400 shares, a decrease of 41.7% from the November 15th total of 12,700 shares. Based on an average daily volume of 124,600 shares, the short-interest ratio is presently 0.1 days.

Galp Energia, SGPS Stock Performance

Galp Energia, SGPS stock traded up $0.07 during midday trading on Friday, reaching $8.90. 74,055 shares of the stock traded hands, compared to its average volume of 76,538. Galp Energia, SGPS has a fifty-two week low of $7.12 and a fifty-two week high of $11.05. The company has a current ratio of 1.62, a quick ratio of 1.31 and a debt-to-equity ratio of 0.53. The firm has a market cap of $12.38 billion, a price-to-earnings ratio of 9.47 and a beta of 0.47. The firm has a fifty day moving average price of $8.65 and a two-hundred day moving average price of $9.64.

Galp Energia, SGPS (OTCMKTS:GLPEY) last issued its quarterly earnings data on Monday, October 28th. The energy company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. Galp Energia, SGPS had a return on equity of 24.36% and a net margin of 6.17%. The business had revenue of $6.02 billion during the quarter. On average, equities research analysts forecast that Galp Energia, SGPS will post 0.75 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. The Goldman Sachs Group raised Galp Energia, SGPS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 4th. Berenberg Bank raised Galp Energia, SGPS to a “strong-buy” rating in a research report on Friday, November 22nd.

About Galp Energia, SGPS

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.