Subsea 7 S.A. (OTCMKTS:SUBCY - Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 2,300 shares, a drop of 43.9% from the March 15th total of 4,100 shares. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 11,000 shares, the days-to-cover ratio is presently 0.2 days.
Analyst Ratings Changes
Separately, Barclays raised shares of Subsea 7 from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th.
Read Our Latest Stock Report on Subsea 7
Subsea 7 Stock Up 2.6 %
SUBCY traded up $0.36 during trading on Friday, hitting $14.20. The company had a trading volume of 2,630 shares, compared to its average volume of 5,750. The company has a market cap of $4.29 billion, a PE ratio of 70.98 and a beta of 1.38. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.07 and a quick ratio of 1.05. Subsea 7 has a 1-year low of $12.15 and a 1-year high of $19.60. The business has a 50-day moving average of $15.09 and a 200-day moving average of $15.86.
Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The energy company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.15). Subsea 7 had a net margin of 1.63% and a return on equity of 2.37%. The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.81 billion. As a group, analysts forecast that Subsea 7 will post 0.86 earnings per share for the current year.
About Subsea 7
(
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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.
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