Subsea 7 SA (OTCMKTS:SUBCY) Sees Large Growth in Short Interest

Subsea 7 SA (OTCMKTS:SUBCY) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 9,336 shares, an increase of 365.2% from the July 30th total of 2,007 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 32,743 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. UBS Group reiterated a “buy” rating on shares of Subsea 7 in a research note on Wednesday, August 5th. Rothschild & Co Redburn upgraded shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, Zacks Research cut 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 Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Subsea 7 presently has a consensus rating of “Moderate Buy”.

Subsea 7 Price Performance

Subsea 7 stock remained flat at $35.48 during mid-day trading on Thursday. The company’s stock had a trading volume of 3,039 shares, compared to its average volume of 17,198. The company has a market cap of $10.49 billion, a price-to-earnings ratio of 17.22 and a beta of 1.10. The firm’s 50 day simple moving average is $34.55 and its two-hundred day simple moving average is $32.33. 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 announced its quarterly earnings data on Thursday, July 30th. The energy company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.21. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.91 billion. Subsea 7 had a net margin of 8.15% and a return on equity of 14.04%. Sell-side analysts anticipate that Subsea 7 will post 2.66 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.