Subsea 7 SA (OTCMKTS:SUBCY) Short Interest Down 50.4% in April

Subsea 7 SA (OTCMKTS:SUBCY) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 30,010 shares, a drop of 50.4% from the April 15th total of 60,511 shares. Based on an average daily trading volume, of 165,066 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Subsea 7 Trading Up 3.0%

Shares of Subsea 7 stock opened at $37.24 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.11 and a quick ratio of 1.09. Subsea 7 has a 1 year low of $15.87 and a 1 year high of $37.25. The company has a market capitalization of $11.01 billion, a P/E ratio of 22.44 and a beta of 1.12. The business has a 50 day moving average price of $31.01 and a 200 day moving average price of $25.02.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly earnings data on Thursday, April 30th. The energy company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). Subsea 7 had a return on equity of 11.38% and a net margin of 6.67%.The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.62 billion. Sell-side analysts anticipate that Subsea 7 will post 2.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SUBCY shares. UBS Group reaffirmed an “overweight” rating on shares of Subsea 7 in a report on Monday. Zacks Research lowered Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, Barclays downgraded shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Subsea 7 presently has an average rating of “Hold”.

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.