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

Subsea 7 SA (OTCMKTS:SUBCY) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 7,163 shares, a growth of 75.8% from the May 14th total of 4,075 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 20,943 shares, the short-interest ratio is presently 0.3 days.

Subsea 7 Stock Performance

OTCMKTS SUBCY opened at $36.18 on Monday. The firm has a market capitalization of $10.70 billion, a P/E ratio of 21.80 and a beta of 1.08. Subsea 7 has a 1-year low of $17.79 and a 1-year high of $37.66. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.11 and a quick ratio of 1.09. The business’s 50-day simple moving average is $33.89 and its 200-day simple moving average is $27.33.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. UBS Group reissued an “overweight” rating on shares of Subsea 7 in a report on Monday, May 11th. Barclays lowered Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Finally, Zacks Research cut Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Subsea 7 currently has a consensus rating of “Hold”.

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.