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

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY - Get Free Report) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 32,200 shares, a drop of 44.0% from the April 30th total of 57,500 shares. Based on an average daily volume of 240,000 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company's shares are sold short.

Galp Energia, SGPS Stock Performance

Shares of GLPEY traded up $0.06 on Wednesday, reaching $8.41. 97,942 shares of the company's stock traded hands, compared to its average volume of 76,116. The stock's 50 day simple moving average is $7.80 and its two-hundred day simple moving average is $8.17. The stock has a market cap of $11.70 billion, a PE ratio of 8.95 and a beta of 0.28. Galp Energia, SGPS has a 52-week low of $6.76 and a 52-week high of $11.05. The company has a current ratio of 1.64, a quick ratio of 1.40 and a debt-to-equity ratio of 0.54.

Galp Energia, SGPS (OTCMKTS:GLPEY - Get Free Report) last announced its earnings results on Monday, April 28th. The energy company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.10. The firm had revenue of $5.44 billion during the quarter, compared to analyst estimates of $4.32 billion. Galp Energia, SGPS had a return on equity of 24.38% and a net margin of 6.17%. On average, analysts forecast that Galp Energia, SGPS will post 0.75 earnings per share for the current fiscal year.

Galp Energia, SGPS Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd will be paid a $0.0978 dividend. This represents a yield of 2.2%. The ex-dividend date is Monday, June 2nd. Galp Energia, SGPS's payout ratio is 18.09%.

Analyst Ratings Changes

Several equities analysts have issued reports on GLPEY shares. UBS Group raised Galp Energia, SGPS from a "hold" rating to a "strong-buy" rating in a research note on Monday. Cfra Research upgraded shares of Galp Energia, SGPS to a "moderate sell" rating in a report on Tuesday, April 15th.

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.