Galp Energia SGPS SA (OTCMKTS:GLPEY) Short Interest Update

Key Points

• Short interest fell 56.7% to 53,862 shares as of July 31 from 124,295 shares on July 15, equating to 0.5 days to cover and approximately 0.0% of shares short.
• Galp Energia shares opened at $11.94, with a market capitalization of $16.22 billion and a 12-month trading range of $8.10 to $12.87.
• The company reported quarterly EPS of $0.60, exceeding the $0.34 analyst consensus, while revenue of $8.02 billion also topped estimates; analysts maintain a consensus “Hold” rating.

Galp Energia SGPS SA (OTCMKTS:GLPEY - Get Free Report) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 53,862 shares, a drop of 56.7% from the July 15th total of 124,295 shares. Based on an average trading volume of 118,199 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.

Galp Energia SGPS Stock Performance

Shares of GLPEY opened at $11.94 on Friday. The firm's 50 day moving average is $11.07 and its 200-day moving average is $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 current ratio of 1.68 and a quick ratio of 1.38. Galp Energia SGPS has a 12-month low of $8.10 and a 12-month high of $12.87.

Galp Energia SGPS (OTCMKTS:GLPEY - Get Free Report) last released its earnings results on Monday, July 27th. The energy company reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.26. The business had revenue of $8.02 billion for the quarter, compared to the consensus estimate of $6.79 billion. Galp Energia SGPS had a net margin of 5.43% and a return on equity of 30.83%. Equities research analysts anticipate that Galp Energia SGPS will post 1.21 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on GLPEY. Morgan Stanley raised Galp Energia SGPS from an "overweight" rating to an "overweight" rating in a report on Friday, July 3rd. Zacks Research cut Galp Energia SGPS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold".

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.

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