Subsea 7 SA (OTCMKTS:SUBCY) Short Interest Update

Subsea 7 SA (OTCMKTS:SUBCY) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 4,075 shares, a decline of 86.4% from the April 30th total of 30,010 shares. Based on an average daily trading volume, of 24,961 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Zacks Research downgraded Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. UBS Group restated an “overweight” rating on shares of Subsea 7 in a research note on Monday, May 11th. Finally, Barclays downgraded Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Subsea 7 Stock Performance

Shares of SUBCY stock opened at $32.14 on Thursday. The stock has a fifty day moving average price of $32.35 and a 200 day moving average price of $25.99. The stock has a market cap of $9.50 billion, a PE ratio of 19.36 and a beta of 1.12. Subsea 7 has a 1 year low of $16.81 and a 1 year high of $37.66. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.09 and a current ratio of 1.11.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly earnings data on Thursday, April 30th. The energy company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). The firm had revenue of $1.79 billion for 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%. Sell-side analysts forecast that Subsea 7 will post 2.29 earnings per share for the current fiscal 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.