Subsea 7 SA (OTCMKTS:SUBCY) Short Interest Update

Subsea 7 SA (OTCMKTS:SUBCY) was the recipient 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. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 24,961 shares, the days-to-cover ratio is presently 0.2 days.

Subsea 7 Trading Down 5.2%

Shares of SUBCY stock opened at $32.14 on Thursday. The business’s 50 day moving average is $32.35 and its two-hundred day moving average is $25.99. Subsea 7 has a twelve month low of $16.81 and a twelve month high of $37.66. The company has a market capitalization of $9.50 billion, a P/E ratio of 19.36 and a beta of 1.12. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 0.09.

Subsea 7 (OTCMKTS:SUBCY) last announced its 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 net margin of 6.67% and a return on equity of 11.38%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Equities analysts forecast that Subsea 7 will post 2.29 EPS for the current year.

Analysts Set New Price Targets

SUBCY has been the topic of several analyst reports. Zacks Research downgraded Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Barclays downgraded Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, UBS Group reiterated an “overweight” rating on shares of Subsea 7 in a research note on Monday, May 11th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Subsea 7 currently has a consensus rating of “Hold”.

Subsea 7 Company Profile

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.