Subsea 7 S.A. (OTCMKTS:SUBCY) Short Interest Up 41.4% in March

Subsea 7 S.A. (OTCMKTS:SUBCY) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 4,100 shares, a growth of 41.4% from the February 28th total of 2,900 shares. Based on an average trading volume of 9,900 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Barclays raised Subsea 7 from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th.

Subsea 7 Stock Performance

Shares of SUBCY opened at $16.10 on Friday. Subsea 7 has a 12-month low of $14.18 and a 12-month high of $19.60. The stock has a market cap of $4.86 billion, a P/E ratio of 80.48 and a beta of 1.70. The company has a 50-day moving average of $16.07 and a two-hundred day moving average of $16.21. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16.

Subsea 7 (OTCMKTS:SUBCY) last posted its quarterly earnings data on Thursday, February 27th. The energy company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.15). The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.81 billion. Subsea 7 had a net margin of 1.63% and a return on equity of 2.37%. As a group, research analysts predict that Subsea 7 will post 0.86 EPS for the current fiscal year.

About Subsea 7

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.