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

Subsea 7 SA (OTCMKTS:SUBCY) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 7,163 shares, an increase of 75.8% from the May 14th total of 4,075 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 20,943 shares, the days-to-cover ratio is presently 0.3 days.

Subsea 7 Stock Performance

OTCMKTS:SUBCY opened at $36.08 on Wednesday. The company has a fifty day simple moving average of $34.15 and a two-hundred day simple moving average of $27.58. The company has a market cap of $10.67 billion, a price-to-earnings ratio of 21.73 and a beta of 1.08. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 0.09. Subsea 7 has a 52 week low of $17.79 and a 52 week high of $37.66.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on SUBCY. Barclays lowered shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. UBS Group reiterated an “overweight” rating on shares of Subsea 7 in a report on Monday, May 11th. Finally, Zacks Research downgraded shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average 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.