Subsea 7 S.A. (OTCMKTS:SUBCY – Get Rating) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 11,500 shares, an increase of 360.0% from the April 30th total of 2,500 shares. Based on an average daily volume of 10,600 shares, the short-interest ratio is presently 1.1 days.
Subsea 7 Stock Performance
Shares of OTCMKTS:SUBCY traded up $0.09 on Friday, hitting $10.46. The stock had a trading volume of 9,256 shares, compared to its average volume of 11,890. Subsea 7 has a twelve month low of $7.06 and a twelve month high of $14.27. The firm’s 50 day moving average price is $11.30 and its 200-day moving average price is $11.61. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 46.26 and a beta of 1.78.
Subsea 7 (OTCMKTS:SUBCY – Get Rating) last issued its earnings results on Thursday, April 27th. The energy company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.05). Subsea 7 had a net margin of 1.00% and a return on equity of 1.11%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.11 billion. As a group, sell-side analysts predict that Subsea 7 will post 0.07 EPS for the current year.
Subsea 7 Increases Dividend
Analysts Set New Price Targets
Several equities analysts have commented on SUBCY shares. JPMorgan Chase & Co. downgraded Subsea 7 from a “neutral” rating to an “underweight” rating in a report on Thursday, January 26th. Royal Bank of Canada initiated coverage on Subsea 7 in a report on Wednesday, April 5th. They set an “outperform” rating on the stock.
About Subsea 7
Subsea 7 SA engages in the provision of engineering and construction services to the offshore drilling industry. It provides cost-effective technical solutions to enable the delivery of complex projects in all water depths and challenging environments. The company was founded on March 10, 1993 and is headquartered in London, the United Kingdom.
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