Subsea 7 S.A. (OTCMKTS:SUBCY) Short Interest Update

Subsea 7 S.A. (OTCMKTS:SUBCY) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 12,400 shares, a growth of 12,300.0% from the April 30th total of 100 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 19,900 shares, the days-to-cover ratio is currently 0.6 days.

Subsea 7 Trading Up 4.8%

Shares of Subsea 7 stock traded up $0.78 during trading hours on Wednesday, hitting $16.96. The company’s stock had a trading volume of 3,009 shares, compared to its average volume of 6,802. Subsea 7 has a 12 month low of $12.15 and a 12 month high of $19.60. The stock has a 50 day moving average of $15.02 and a 200 day moving average of $15.74. The company has a market capitalization of $5.13 billion, a PE ratio of 84.80 and a beta of 1.41. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.07 and a quick ratio of 1.05.

Subsea 7 (OTCMKTS:SUBCY) last announced its quarterly earnings results on Wednesday, April 30th. The energy company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.09. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. Analysts predict that Subsea 7 will post 0.86 earnings per share for the current year.

Subsea 7 Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, May 22nd. Investors of record on Friday, May 16th were issued a dividend of $0.5822 per share. The ex-dividend date of this dividend was Thursday, May 15th. This is an increase from Subsea 7’s previous dividend of $0.28. This represents a dividend yield of 5.29%. Subsea 7’s dividend payout ratio (DPR) is presently 181.25%.

Analyst Ratings Changes

SUBCY has been the subject of a number of recent analyst reports. Barclays upgraded Subsea 7 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 4th. UBS Group reiterated an “outperform” rating on shares of Subsea 7 in a report on Thursday, May 1st.

Subsea 7 Company Profile

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.