Short Interest in Subsea 7 SA (OTCMKTS:SUBCY) Decreases By 50.4%

Subsea 7 SA (OTCMKTS:SUBCY) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 30,010 shares, a decrease of 50.4% from the April 15th total of 60,511 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 165,066 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

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

Subsea 7 Stock Performance

Shares of OTCMKTS SUBCY opened at $37.24 on Monday. The company has a market cap of $11.01 billion, a PE ratio of 22.44 and a beta of 1.12. The firm’s 50 day moving average price is $31.01 and its 200-day moving average price is $25.06. Subsea 7 has a 52-week low of $15.87 and a 52-week high of $37.25. 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 for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.62 billion. Subsea 7 had a net margin of 6.67% and a return on equity of 11.38%. On average, equities research analysts expect that Subsea 7 will post 2.08 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.