Subsea 7 S.A. (OTCMKTS:SUBCY - Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 6,900 shares, an increase of 21.1% from the September 30th total of 5,700 shares. Based on an average daily trading volume, of 13,800 shares, the days-to-cover ratio is currently 0.5 days.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lowered Subsea 7 from an "overweight" rating to a "neutral" rating in a research note on Thursday, October 17th. BNP Paribas reaffirmed a "neutral" rating on shares of Subsea 7 in a research note on Monday, September 9th.
View Our Latest Stock Report on SUBCY
Subsea 7 Trading Up 0.9 %
Shares of Subsea 7 stock traded up $0.14 during trading on Wednesday, reaching $15.30. 2,262 shares of the company were exchanged, compared to its average volume of 21,065. The business has a 50-day moving average price of $16.89 and a 200-day moving average price of $17.50. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 76.50 and a beta of 1.76. Subsea 7 has a twelve month low of $12.68 and a twelve month high of $19.60. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 0.16.
Subsea 7 Announces Dividend
The company also recently disclosed a dividend, which will be paid on Thursday, November 7th. Stockholders of record on Thursday, October 31st will be given a $0.2827 dividend. The ex-dividend date is Thursday, October 31st. Subsea 7's dividend payout ratio (DPR) is presently 280.00%.
Subsea 7 Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Subsea 7, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Subsea 7 wasn't on the list.
While Subsea 7 currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
