Subsea 7 SA (OTCMKTS:SUBCY) Short Interest Down 58.2% in August

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. UBS Group restated a “buy” rating on shares of Subsea 7 in a research report on Wednesday, August 5th. Rothschild & Co Redburn upgraded shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Subsea 7 Stock Down 4.5%

OTCMKTS SUBCY opened at $33.00 on Tuesday. 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 moving average is $34.84 and its 200 day moving average is $33.12. Subsea 7 has a 12 month low of $17.79 and a 12 month high of $37.66. The stock has a market cap of $9.76 billion, a PE ratio of 16.02 and a beta of 1.12.

Subsea 7 (OTCMKTS:SUBCY) last announced its quarterly earnings results on Thursday, July 30th. The energy company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.21. Subsea 7 had a net margin of 8.15% and a return on equity of 13.89%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.91 billion. Research analysts predict that Subsea 7 will post 2.66 EPS for the current fiscal year.

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.