Galp Energia SGPS SA (OTCMKTS:GLPEY) Short Interest Down 56.7% in July

Galp Energia SGPS SA (OTCMKTS:GLPEY) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 53,862 shares, a decrease of 56.7% from the July 15th total of 124,295 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 118,199 shares, the short-interest ratio is presently 0.5 days.

Analysts Set New Price Targets

GLPEY has been the topic of a number of analyst reports. Morgan Stanley upgraded Galp Energia SGPS from an “overweight” rating to an “overweight” rating in a research report on Friday, July 3rd. Zacks Research downgraded Galp Energia SGPS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Galp Energia SGPS Trading Up 1.8%

Shares of OTCMKTS GLPEY traded up $0.21 during midday trading on Friday, reaching $11.94. 26,357 shares of the stock were exchanged, compared to its average volume of 48,547. The company has a 50 day simple moving average of $11.07 and a 200 day simple moving average of $11.16. The stock has a market capitalization of $16.22 billion, a P/E ratio of 13.89 and a beta of -0.06. 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 has a twelve month low of $8.10 and a twelve month high of $12.87.

Galp Energia SGPS (OTCMKTS:GLPEY) last released its quarterly earnings data on Monday, July 27th. The energy company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.26. The firm had revenue of $8.02 billion for the quarter, compared to analysts’ expectations of $6.79 billion. Galp Energia SGPS had a return on equity of 30.83% and a net margin of 5.43%. As a group, equities analysts expect that Galp Energia SGPS will post 1.21 earnings per share for the current year.

Galp Energia SGPS Company Profile

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.