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

Subsea 7 SA (OTCMKTS:SUBCY) was the recipient of a large 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. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 107,293 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

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

Subsea 7 Stock Performance

Shares of SUBCY stock opened at $33.82 on Wednesday. The company has a market cap of $10.00 billion, a price-to-earnings ratio of 20.37 and a beta of 1.08. The stock has a 50 day simple moving average of $34.72 and a 200-day simple moving average of $29.68. Subsea 7 has a 12-month low of $17.79 and a 12-month high of $37.66. 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 posted its quarterly earnings results on Thursday, April 30th. The energy company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03). Subsea 7 had a net margin of 6.67% and a return on equity of 11.38%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.62 billion. On average, equities analysts forecast that Subsea 7 will post 2.32 EPS 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.