Subsea 7 SA (OTCMKTS:SUBCY) Short Interest Update

Subsea 7 SA (OTCMKTS:SUBCY) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 3,902 shares, a decline of 58.2% from the August 15th total of 9,336 shares. Based on an average trading volume of 12,747 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Subsea 7 Stock Performance

Shares of OTCMKTS SUBCY opened at $34.57 on Monday. Subsea 7 has a 12-month low of $17.79 and a 12-month high of $37.66. The company has a market cap of $10.22 billion, a price-to-earnings ratio of 16.78 and a beta of 1.12. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.07. The stock’s 50 day simple moving average is $34.87 and its 200 day simple moving average is $33.08.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly earnings data on Thursday, July 30th. The energy company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.21. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.91 billion. Subsea 7 had a return on equity of 13.89% and a net margin of 8.15%. Equities research analysts expect that Subsea 7 will post 2.66 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SUBCY shares. UBS Group restated 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. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

About Subsea 7

Subsea 7 SA is a global offshore energy services company that designs, engineers and delivers complex projects for the energy industry. Its work spans offshore oil and gas, offshore wind and other emerging energy sectors, with services covering project management, engineering, procurement, construction and installation.

The company provides subsea, umbilicals, risers and flowlines (SURF) services; offshore pipeline and infrastructure installation; subsea inspection, maintenance and repair; and offshore renewable-energy solutions.