Short Interest in Subsea 7 SA (OTCMKTS:SUBCY) Increases By 365.2%

Subsea 7 SA (OTCMKTS:SUBCY – Get Free Report) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 9,336 shares, an increase of 365.2% from the July 30th total of 2,007 shares. Based on an average daily volume of 32,743 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.

Subsea 7 Price Performance

SUBCY stock opened at $36.63 on Friday. The company has a market capitalization of $10.83 billion, a P/E ratio of 17.78 and a beta of 1.10. The company has a fifty day moving average price of $34.60 and a 200-day moving average price of $32.41. 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 has a 52-week low of $17.79 and a 52-week high of $37.66.

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Subsea 7 (OTCMKTS:SUBCY – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The energy company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.21. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Subsea 7 had a return on equity of 14.04% and a net margin of 8.15%. As a group, equities analysts expect that Subsea 7 will post 2.66 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SUBCY. Rothschild & Co Redburn raised shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Zacks Research downgraded Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, UBS Group restated a “buy” rating on shares of Subsea 7 in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Subsea 7 has an average rating of “Moderate Buy”.

Check Out Our Latest Analysis on SUBCY

Subsea 7 Company Profile

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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.

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