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

Subsea 7 S.A. (OTCMKTS:SUBCY) was the recipient of a significant increase in short interest in 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. Based on an average daily volume of 15,800 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

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 Price Performance

OTCMKTS SUBCY opened at $14.99 on Friday. The business’s fifty day moving average price is $16.33 and its 200-day moving average price is $16.34. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 74.94 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 1-year low of $14.18 and a 1-year high of $19.60.

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 analysts’ consensus estimates of $0.22 by ($0.15). Subsea 7 had a net margin of 1.63% and a return on equity of 2.37%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.81 billion. On average, equities analysts predict that Subsea 7 will post 0.86 earnings per share for the current year.

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.