Short Interest in Subsea 7 SA (OTCMKTS:SUBCY) Increases By 184.5%

Subsea 7 SA (OTCMKTS:SUBCY) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 25,509 shares, an increase of 184.5% from the June 15th total of 8,966 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 107,293 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

SUBCY has been the topic of several analyst reports. Barclays downgraded Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. UBS Group reiterated a “neutral” rating on shares of Subsea 7 in a research note on Tuesday, June 30th. Finally, Zacks Research downgraded shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Subsea 7 currently has an average rating of “Hold”.

Subsea 7 Stock Down 1.9%

Shares of SUBCY traded down $0.66 during trading on Tuesday, reaching $33.82. The company’s stock had a trading volume of 13,115 shares, compared to its average volume of 29,250. The company has a market cap of $10.00 billion, a price-to-earnings ratio of 20.37 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. The company has a fifty day moving average of $34.76 and a two-hundred day moving average of $29.59. Subsea 7 has a twelve month low of $17.79 and a twelve month high of $37.66.

Subsea 7 (OTCMKTS:SUBCY) last released its quarterly earnings results on Thursday, April 30th. The energy company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). Subsea 7 had a return on equity of 11.38% and a net margin of 6.67%.The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.62 billion. On average, sell-side analysts predict that Subsea 7 will post 2.32 EPS for the current fiscal year.

Subsea 7 Company Profile

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.