Subsea 7 S.A. (OTCMKTS:SUBCY – Get Free Report) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 7,500 shares, a growth of 56.3% from the March 31st total of 4,800 shares. Based on an average trading volume of 58,700 shares, the days-to-cover ratio is currently 0.1 days.
Subsea 7 Stock Performance
OTCMKTS:SUBCY remained flat at $16.47 during mid-day trading on Friday. 21,252 shares of the company’s stock traded hands, compared to its average volume of 20,482. The company has a current ratio of 1.10, a quick ratio of 1.07 and a debt-to-equity ratio of 0.17. The business has a 50-day simple moving average of $15.54 and a 200 day simple moving average of $14.34. Subsea 7 has a 52-week low of $9.85 and a 52-week high of $16.96. The stock has a market capitalization of $5.01 billion, a P/E ratio of 82.35 and a beta of 1.79.
Subsea 7 (OTCMKTS:SUBCY – Get Free Report) last posted its earnings results on Thursday, April 25th. The energy company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.18. Subsea 7 had a net margin of 1.02% and a return on equity of 1.44%. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.30 billion. On average, research analysts expect that Subsea 7 will post 0.9 earnings per share for the current fiscal year.
Subsea 7 Cuts Dividend
Subsea 7 Company Profile
Subsea 7 SA delivers offshore projects and services for the energy industry worldwide. It provides subsea field development products and services, including project management, design and engineering, procurement, fabrication, survey, installation, and commissioning of production facilities on the seabed and the tie-back of its facilities to fixed or floating platforms or to the shore.
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