Subsea 7 S.A. (OTCMKTS:SUBCY) Short Interest Update

Subsea 7 S.A. (OTCMKTS:SUBCY) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 4,100 shares, a growth of 41.4% from the February 28th total of 2,900 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 9,900 shares, the days-to-cover ratio is presently 0.4 days.

Subsea 7 Trading Down 2.0 %

Shares of OTCMKTS SUBCY traded down $0.33 during midday trading on Monday, reaching $16.10. 7,691 shares of the stock were exchanged, compared to its average volume of 5,256. Subsea 7 has a 12 month low of $14.18 and a 12 month high of $19.60. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 80.48 and a beta of 1.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.07 and a quick ratio of 1.05. The business has a 50-day simple moving average of $16.07 and a two-hundred day simple moving average of $16.21.

Subsea 7 (OTCMKTS:SUBCY) last posted its earnings results on Thursday, February 27th. The energy company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.15). Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.81 billion. As a group, equities research analysts expect that Subsea 7 will post 0.86 EPS for the current year.

Analysts Set New Price Targets

Separately, Barclays upgraded shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th.

Subsea 7 Company Profile

Subsea 7 SA delivers offshore projects and services for the energy industry worldwide. It provides subsea field development products and services, including project management, design and engineering, procurement, fabrication, survey, installation, and commissioning of production facilities on the seabed and the tie-back of its facilities to fixed or floating platforms or to the shore.