Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) Short Interest Up 127.3% in May

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY - Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 73,200 shares, a growth of 127.3% from the May 15th total of 32,200 shares. Based on an average daily volume of 93,500 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.0% of the company's shares are short sold.

Galp Energia, SGPS Trading Up 2.4%

Shares of GLPEY traded up $0.22 during trading hours on Monday, reaching $9.39. The stock had a trading volume of 526,573 shares, compared to its average volume of 84,803. The company has a quick ratio of 1.40, a current ratio of 1.64 and a debt-to-equity ratio of 0.54. Galp Energia, SGPS has a 52 week low of $6.76 and a 52 week high of $11.05. The firm has a 50-day moving average of $7.94 and a 200 day moving average of $8.20. The company has a market cap of $13.06 billion, a P/E ratio of 9.99 and a beta of 0.28.

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

Galp Energia, SGPS Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, June 3rd were paid a dividend of $0.0978 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a yield of 2.2%. Galp Energia, SGPS's payout ratio is 18.09%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on GLPEY shares. Cfra Research raised Galp Energia, SGPS to a "moderate sell" rating in a research note on Tuesday, April 15th. UBS Group raised shares of Galp Energia, SGPS from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 2nd.

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.