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

Subsea 7 SA (OTCMKTS:SUBCY) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 7,018 shares, a decline 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 trading volume of 19,282 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Barclays downgraded shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Rothschild & Co Redburn raised Subsea 7 from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. UBS Group upgraded Subsea 7 from an “overweight” rating to a “buy” rating in a research report on Thursday. Finally, Zacks Research lowered Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Subsea 7 presently has an average rating of “Moderate Buy”.

Subsea 7 Trading Down 3.4%

Shares of SUBCY opened at $33.20 on Tuesday. The company’s fifty day moving average is $34.44 and its 200 day moving average is $30.52. Subsea 7 has a fifty-two week low of $17.79 and a fifty-two week high of $37.66. The stock has a market capitalization of $9.82 billion, a PE ratio of 20.00 and a beta of 1.08. 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 released its quarterly earnings data on Thursday, April 30th. The energy company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03). Subsea 7 had a net margin of 6.67% and a return on equity of 11.38%. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.62 billion. Sell-side analysts expect that Subsea 7 will post 2.32 earnings per share 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.