Subsea 7 SA (OTCMKTS:SUBCY) Short Interest Update

Subsea 7 SA (OTCMKTS:SUBCYGet Free Report) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 4,075 shares, a drop of 86.4% from the April 30th total of 30,010 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 24,961 shares, the days-to-cover ratio is presently 0.2 days.

Subsea 7 Stock Performance

Shares of Subsea 7 stock traded down $0.10 on Friday, hitting $32.98. 7,822 shares of the company’s stock were exchanged, compared to its average volume of 30,935. The company has a 50-day simple moving average of $32.48 and a 200-day simple moving average of $26.10. The stock has a market capitalization of $9.75 billion, a PE ratio of 19.87 and a beta of 1.12. Subsea 7 has a 1 year low of $16.81 and a 1 year high of $37.66. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.09 and a current ratio of 1.11.

Subsea 7 (OTCMKTS:SUBCYGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The energy company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.03). Subsea 7 had a return on equity of 11.38% and a net margin of 6.67%.The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.62 billion. As a group, equities analysts anticipate that Subsea 7 will post 2.29 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SUBCY. Zacks Research cut shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. UBS Group reiterated an “overweight” rating on shares of Subsea 7 in a research note on Monday, May 11th. Finally, Barclays cut shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Subsea 7 presently has an average rating of “Hold”.

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About Subsea 7

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Subsea 7 SA is a global engineering, construction and services contractor serving the offshore energy industry. The company specializes in complex subsea infrastructure projects, offering pipeline and riser installation, umbilical and flowline deployment, and subsea tie-ins. Its fleet of specialized vessels, diving systems and remotely operated vehicles (ROVs) supports installation, inspection, maintenance and repair activities across the life cycle of offshore oil, gas and renewable energy fields.

With roots tracing back to the merger of Subsea 7 Inc and Acergy SA in 2011, Subsea 7 has built a broad international footprint.

Further Reading

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