Subsea 7 S.A. (OTCMKTS:SUBCY) Short Interest Up 41.4% in March

Subsea 7 S.A. (OTCMKTS:SUBCY) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 4,100 shares, a growth of 41.4% from the February 28th total of 2,900 shares. Based on an average trading volume of 9,900 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Barclays upgraded Subsea 7 from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th.

Subsea 7 Stock Performance

Shares of SUBCY opened at $16.10 on Friday. The firm has a fifty day moving average of $16.07 and a 200-day moving average of $16.21. Subsea 7 has a 1 year low of $14.18 and a 1 year high of $19.60. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 80.48 and a beta of 1.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.05 and a current ratio of 1.07.

Subsea 7 (OTCMKTS:SUBCY) last issued 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 net margin of 1.63% and a return on equity of 2.37%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.81 billion. As a group, equities analysts anticipate that Subsea 7 will post 0.86 earnings per share for the current year.

About Subsea 7

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.