Subsea 7 S.A. (OTCMKTS:SUBCY) Sees Large Decline in Short Interest

Subsea 7 S.A. (OTCMKTS:SUBCY) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 2,300 shares, a drop of 43.9% from the March 15th total of 4,100 shares. Based on an average trading volume of 11,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Subsea 7 Stock Performance

OTCMKTS:SUBCY opened at $13.62 on Wednesday. Subsea 7 has a twelve month low of $12.15 and a twelve month high of $19.60. The company has a market cap of $4.12 billion, a P/E ratio of 68.10 and a beta of 1.38. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average price is $15.25 and its 200-day moving average price is $15.90.

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 analysts’ consensus estimates of $0.22 by ($0.15). Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.81 billion. On average, sell-side analysts forecast that Subsea 7 will post 0.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barclays raised 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.