Galp Energia SGPS SA (OTCMKTS:GLPEY) Short Interest Down 82.9% in September

Key Points

• Galp Energia SGPS experienced a substantial decrease in short interest, dropping 82.9% from 42,200 shares to 7,200 shares in September.
• The company's stock price is currently at $9.63 with a market capitalization of $13.39 billion and a P/E ratio of 13.56.
• Galp Energia recently announced a dividend of $0.0821 per share with a yield of 179.0%, while its payout ratio stands at 22.54%.

Galp Energia SGPS SA (OTCMKTS:GLPEY - Get Free Report) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 7,200 shares, a decline of 82.9% from the August 31st total of 42,200 shares. Based on an average trading volume of 78,300 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 78,300 shares, the short-interest ratio is presently 0.1 days.

Galp Energia SGPS Stock Performance

Shares of OTCMKTS GLPEY traded up $0.21 during midday trading on Wednesday, hitting $9.63. The company's stock had a trading volume of 4,824 shares, compared to its average volume of 75,346. The firm has a market cap of $13.39 billion, a P/E ratio of 13.56 and a beta of 0.37. Galp Energia SGPS has a 1-year low of $6.76 and a 1-year high of $9.90. The firm's fifty day moving average price is $9.49 and its 200-day moving average price is $8.75. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.32 and a current ratio of 1.64.

Galp Energia SGPS (OTCMKTS:GLPEY - Get Free Report) last released its earnings results on Monday, July 21st. The energy company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.16 by $0.08. Galp Energia SGPS had a net margin of 4.79% and a return on equity of 18.15%. The firm had revenue of $5.77 billion for the quarter, compared to analysts' expectations of $3.83 billion. On average, sell-side analysts forecast that Galp Energia SGPS will post 0.75 EPS for the current fiscal year.

Galp Energia SGPS Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were paid a dividend of $0.0821 per share. This represents a yield of 179.0%. The ex-dividend date of this dividend was Friday, August 15th. Galp Energia SGPS's payout ratio is 22.54%.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein upgraded Galp Energia SGPS from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 17th. Four investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Strong Buy".

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.

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