Subsea 7 SA (OTCMKTS:SUBCY) Short Interest Up 75.8% in May

Subsea 7 SA (OTCMKTS:SUBCYGet Free Report) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 7,163 shares, an increase of 75.8% from the May 14th total of 4,075 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 20,943 shares, the days-to-cover ratio is presently 0.3 days.

Subsea 7 Stock Performance

OTCMKTS:SUBCY opened at $36.90 on Tuesday. The stock has a market cap of $10.91 billion, a P/E ratio of 22.23 and a beta of 1.08. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 0.09. The stock’s 50-day moving average is $34.03 and its 200-day moving average is $27.46. Subsea 7 has a 1-year low of $17.79 and a 1-year high of $37.66.

Subsea 7 (OTCMKTS:SUBCYGet Free Report) last released 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). The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.62 billion. Subsea 7 had a return on equity of 11.38% and a net margin of 6.67%. Equities research analysts anticipate that Subsea 7 will post 2.29 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on SUBCY. Barclays downgraded Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Zacks Research downgraded Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Finally, UBS Group reaffirmed an “overweight” rating on shares of Subsea 7 in a research note on Monday, May 11th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Read Our Latest Research Report on SUBCY

About Subsea 7

(Get Free Report)

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.

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