Short Interest in Subsea 7 SA (OTCMKTS:SUBCY) Declines By 86.4%

Subsea 7 SA (OTCMKTS:SUBCY) was the target of a large 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 short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SUBCY. UBS Group reiterated an “overweight” rating on shares of Subsea 7 in a research report on Monday, May 11th. Barclays lowered shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Finally, Zacks Research lowered shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Subsea 7 Price Performance

OTCMKTS:SUBCY opened at $32.98 on Friday. The firm has a market cap of $9.75 billion, a price-to-earnings ratio of 19.87 and a beta of 1.12. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average is $32.60 and its two-hundred day moving average is $26.15. Subsea 7 has a 12-month low of $16.81 and a 12-month high of $37.66.

Subsea 7 (OTCMKTS:SUBCY) last released its earnings results on Thursday, April 30th. The energy company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Subsea 7 had a net margin of 6.67% and a return on equity of 11.38%. Research analysts expect that Subsea 7 will post 2.29 EPS for the current 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.