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

Subsea 7 SA (OTCMKTS:SUBCY) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 7,018 shares, a decrease of 72.5% from the June 30th total of 25,509 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 19,282 shares, the short-interest ratio is presently 0.4 days.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SUBCY shares. Rothschild & Co Redburn upgraded shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Zacks Research cut shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. UBS Group upgraded shares of Subsea 7 from an “overweight” rating to a “buy” rating in a research report on Thursday. Finally, Barclays downgraded shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Subsea 7 Stock Performance

Shares of SUBCY opened at $34.38 on Friday. The company has a market cap of $10.16 billion, a price-to-earnings ratio of 20.71 and a beta of 1.08. The business’s fifty day simple moving average is $34.53 and its two-hundred day simple moving average is $30.37. Subsea 7 has a 12 month low of $17.79 and a 12 month high of $37.66. 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 released its quarterly earnings data on Thursday, April 30th. The energy company reported $0.34 EPS 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 business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Research analysts anticipate that Subsea 7 will post 2.32 earnings per share for the current fiscal 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.