Subsea 7 SA (OTCMKTS:SUBCY) Short Interest Up 800.0% in October

Subsea 7 SA (OTCMKTS:SUBCY) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 900 shares, a growth of 800.0% from the September 30th total of 100 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 37,900 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 37,900 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Subsea 7 Stock Up 0.4%

SUBCY stock opened at $19.33 on Tuesday. The company’s 50 day moving average price is $20.24 and its 200 day moving average price is $18.48. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.95 and a current ratio of 0.97. Subsea 7 has a fifty-two week low of $12.15 and a fifty-two week high of $21.44. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 21.72 and a beta of 1.40.

Subsea 7 (OTCMKTS:SUBCY) last released its earnings results on Thursday, July 31st. The energy company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. Subsea 7 had a net margin of 3.80% and a return on equity of 6.18%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.84 billion. Subsea 7 has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Subsea 7 will post 0.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on SUBCY shares. Royal Bank Of Canada lowered shares of Subsea 7 from a “moderate buy” rating to a “hold” rating in a research note on Friday, August 1st. Wall Street Zen upgraded shares of Subsea 7 from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. Finally, UBS Group reiterated a “buy” rating on shares of Subsea 7 in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy”.

About Subsea 7

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.