Subsea 7 SA (OTCMKTS:SUBCY) Short Interest Down 71.4% in July

Subsea 7 SA (OTCMKTS:SUBCY) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 2,007 shares, a decline of 71.4% from the July 15th total of 7,018 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 13,164 shares, the days-to-cover ratio is presently 0.2 days.

Subsea 7 Trading Down 0.5%

Subsea 7 stock opened at $35.08 on Thursday. 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 fifty-two week low of $17.79 and a fifty-two week high of $37.66. The stock has a market cap of $10.37 billion, a P/E ratio of 17.03 and a beta of 1.10. The firm’s fifty day moving average price is $34.38 and its 200-day moving average price is $31.54.

Subsea 7 (OTCMKTS:SUBCY) last posted its earnings results on Thursday, July 30th. The energy company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.64 by $0.21. The business 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%. Equities research analysts forecast that Subsea 7 will post 2.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the company. Zacks Research downgraded Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Rothschild & Co Redburn upgraded Subsea 7 from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Barclays downgraded shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Finally, UBS Group restated a “buy” rating on shares of Subsea 7 in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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.