Subsea 7 S.A. (OTCMKTS:SUBCY) Sees Significant Increase in Short Interest

Subsea 7 S.A. (OTCMKTS:SUBCY) was the target of a significant increase in short interest during the month of 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. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 15,800 shares, the short-interest ratio is presently 0.2 days.

Subsea 7 Stock Up 5.2 %

OTCMKTS:SUBCY opened at $15.16 on Thursday. The firm has a market capitalization of $4.58 billion, a PE ratio of 75.80 and a beta of 1.70. Subsea 7 has a 52 week low of $14.18 and a 52 week high of $19.60. 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 stock has a 50 day moving average of $16.36 and a 200-day moving average of $16.35.

Subsea 7 (OTCMKTS:SUBCY) last posted its earnings results on Thursday, February 27th. The energy company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.15). The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.81 billion. Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. Analysts predict that Subsea 7 will post 0.86 EPS for the current year.

Analyst Ratings Changes

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 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.