Short Interest in Subsea 7 SA (OTCMKTS:SUBCY) Grows By 184.5%

Subsea 7 SA (OTCMKTS:SUBCY) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 25,509 shares, a growth of 184.5% from the June 15th total of 8,966 shares. Based on an average trading volume of 107,293 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. UBS Group reissued a “neutral” rating on shares of Subsea 7 in a report on Tuesday, June 30th. Barclays lowered shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Zacks Research downgraded shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Subsea 7 Stock Performance

Shares of OTCMKTS SUBCY traded down $0.19 during trading on Monday, hitting $34.13. The company had a trading volume of 3,262 shares, compared to its average volume of 29,340. Subsea 7 has a 12 month low of $17.79 and a 12 month high of $37.66. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.09 and a current ratio of 1.11. The firm has a market capitalization of $10.09 billion, a P/E ratio of 20.56 and a beta of 1.08. The stock has a 50 day simple moving average of $34.80 and a 200 day simple moving average of $29.49.

Subsea 7 (OTCMKTS:SUBCY) last announced its quarterly earnings data on Thursday, April 30th. The energy company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.62 billion. Subsea 7 had a net margin of 6.67% and a return on equity of 11.38%. As a group, analysts anticipate that Subsea 7 will post 2.32 earnings per share for the current year.

Subsea 7 Company Profile

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.