Subsea 7 SA (OTCMKTS:SUBCY) Sees Large Growth in Short Interest

Subsea 7 SA (OTCMKTS:SUBCY) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 9,336 shares, a growth of 365.2% from the July 30th total of 2,007 shares. Based on an average daily trading volume, of 32,743 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Several research firms have recently weighed in on SUBCY. UBS Group reiterated a “buy” rating on shares of Subsea 7 in a research report on Wednesday, August 5th. Zacks Research lowered shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Rothschild & Co Redburn raised shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Subsea 7 Stock Performance

Shares of SUBCY opened at $36.02 on Wednesday. Subsea 7 has a 12 month low of $17.79 and a 12 month high of $37.66. The company has a market capitalization of $10.65 billion, a price-to-earnings ratio of 17.49 and a beta of 1.10. The stock has a 50 day moving average of $34.57 and a 200 day moving average of $32.25. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 0.09.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly earnings results on Thursday, July 30th. The energy company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.21. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.91 billion. Subsea 7 had a net margin of 8.15% and a return on equity of 14.04%. As a group, sell-side analysts forecast that Subsea 7 will post 2.66 earnings per share for the current year.

About Subsea 7

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.