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

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 3,300 shares, an increase of 560.0% from the September 15th total of 500 shares. Based on an average daily volume of 85,600 shares, the days-to-cover ratio is presently 0.0 days.

Galp Energia, SGPS Stock Performance

Galp Energia, SGPS stock traded up $0.05 during mid-day trading on Friday, reaching $9.28. The company’s stock had a trading volume of 129,940 shares, compared to its average volume of 76,170. The firm’s fifty day moving average price is $9.86 and its two-hundred day moving average price is $9.99. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.31 and a current ratio of 1.62. Galp Energia, SGPS has a 12-month low of $7.07 and a 12-month high of $11.05. The company has a market capitalization of $14.35 billion, a P/E ratio of 9.77 and a beta of 0.48.

Galp Energia, SGPS (OTCMKTS:GLPEY) last announced its quarterly earnings results on Monday, July 22nd. The energy company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.11. The company had revenue of $6.30 billion during the quarter. Galp Energia, SGPS had a return on equity of 25.06% and a net margin of 6.32%. Sell-side analysts predict that Galp Energia, SGPS will post 0.71 EPS for the current fiscal year.

Galp Energia, SGPS Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were issued a $0.1553 dividend. This is an increase from Galp Energia, SGPS’s previous dividend of $0.15. The ex-dividend date was Monday, August 19th. Galp Energia, SGPS’s dividend payout ratio is presently 14.74%.

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.