Subsea 7 S.A. (OTCMKTS:SUBCY) Sees Significant Growth in Short Interest

Subsea 7 S.A. (OTCMKTS:SUBCY) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 2,900 shares, an increase of 2,800.0% from the February 13th total of 100 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 15,800 shares, the days-to-cover ratio is currently 0.2 days.

Subsea 7 Stock Up 5.2 %

SUBCY opened at $15.16 on Thursday. The business has a 50 day simple moving average of $16.36 and a 200-day simple moving average of $16.35. The stock has a market capitalization of $4.58 billion, a P/E ratio of 75.80 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. Subsea 7 has a 12 month low of $14.18 and a 12 month high of $19.60.

Subsea 7 (OTCMKTS:SUBCY) last released its quarterly earnings data 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). The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Subsea 7 had a net margin of 1.63% and a return on equity of 2.37%. On average, equities analysts anticipate that Subsea 7 will post 0.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Barclays upgraded shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a research note 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.