Subsea 7 SA (OTCMKTS:SUBCY) Sees Significant Increase in Short Interest

Subsea 7 SA (OTCMKTS:SUBCY) saw a large 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. Based on an average daily volume of 20,943 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

SUBCY has been the topic of a number of recent analyst reports. UBS Group reaffirmed an “overweight” rating on shares of Subsea 7 in a research report on Monday, May 11th. Barclays lowered Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Zacks Research downgraded Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Subsea 7 has an average rating of “Hold”.

Subsea 7 Price Performance

Shares of SUBCY opened at $36.18 on Monday. The company has a market cap of $10.70 billion, a P/E ratio of 21.80 and a beta of 1.08. The stock has a fifty day moving average price of $33.89 and a 200 day moving average price of $27.33. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.11 and a quick ratio of 1.09. Subsea 7 has a 12 month low of $17.79 and a 12 month high of $37.66.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly earnings data on Thursday, April 30th. The energy company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). Subsea 7 had a return on equity of 11.38% and a net margin of 6.67%.The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.62 billion. On average, research analysts forecast that Subsea 7 will post 2.29 earnings per share for the current year.

About Subsea 7

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.