Short Interest in Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) Expands By 155.3%

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY - Get Free Report) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 86,300 shares, a growth of 155.3% from the December 15th total of 33,800 shares. Based on an average daily volume of 181,700 shares, the short-interest ratio is presently 0.5 days.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GLPEY shares. 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 upgraded Galp Energia, SGPS to a "strong-buy" rating in a research note on Friday, November 22nd.

Galp Energia, SGPS Price Performance

GLPEY traded up $0.14 during midday trading on Tuesday, reaching $8.44. 66,621 shares of the company's stock were exchanged, compared to its average volume of 84,905. Galp Energia, SGPS has a 1-year low of $7.46 and a 1-year high of $11.05. The stock has a market capitalization of $11.74 billion, a PE ratio of 8.98 and a beta of 0.46. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.31. The business's 50-day moving average price is $8.45 and its 200 day moving average price is $9.36.

Galp Energia, SGPS (OTCMKTS:GLPEY - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The energy company reported $0.20 EPS for the quarter, beating 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 for the quarter. As a group, equities analysts anticipate that Galp Energia, SGPS will post 0.75 EPS for the current fiscal year.

Galp Energia, SGPS Company Profile

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.

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