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

Subsea 7 SA (OTCMKTS:SUBCY) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 2,007 shares, a drop of 71.4% from the July 15th total of 7,018 shares. Based on an average daily trading volume, of 13,164 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Several brokerages have recently issued reports on SUBCY. Zacks Research lowered Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. Rothschild & Co Redburn upgraded Subsea 7 from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. UBS Group reaffirmed a “buy” rating on shares of Subsea 7 in a research report on Wednesday, August 5th. Finally, Barclays lowered shares of 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 Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Subsea 7 Price Performance

Shares of OTCMKTS:SUBCY opened at $35.82 on Friday. Subsea 7 has a 1-year low of $17.79 and a 1-year high of $37.66. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.11 and a quick ratio of 1.09. The business has a fifty day moving average price of $34.42 and a 200-day moving average price of $31.62. The company has a market capitalization of $10.59 billion, a PE ratio of 17.39 and a beta of 1.10.

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, topping analysts’ consensus estimates of $0.64 by $0.21. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Subsea 7 had a net margin of 8.15% and a return on equity of 14.04%. As a group, equities analysts expect that Subsea 7 will post 2.66 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.