Subsea 7 SA (OTCMKTS:SUBCY) Short Interest Down 72.5% in July

Subsea 7 SA (OTCMKTS:SUBCY) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 7,018 shares, a decrease of 72.5% from the June 30th total of 25,509 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 19,282 shares, the short-interest ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SUBCY shares. Zacks Research downgraded Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Rothschild & Co Redburn raised shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a research note on Thursday. UBS Group upgraded shares of Subsea 7 from an “overweight” rating to a “buy” rating in a report on Thursday. Finally, Barclays cut shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Subsea 7 Stock Performance

Subsea 7 stock opened at $34.38 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.09 and a current ratio of 1.11. The stock has a fifty day moving average of $34.53 and a two-hundred day moving average of $30.44. The company has a market capitalization of $10.16 billion, a price-to-earnings ratio of 20.71 and a beta of 1.08. Subsea 7 has a fifty-two week low of $17.79 and a fifty-two week 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). The company 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%. On average, analysts anticipate that Subsea 7 will post 2.32 EPS 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.