Subsea 7 S.A. (OTCMKTS:SUBCY - Get Free Report) saw a large growth in short interest in 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. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 9,900 shares, the days-to-cover ratio is currently 0.4 days.
Subsea 7 Price Performance
Subsea 7 stock remained flat at $15.71 during midday trading on Thursday. 180 shares of the company's stock traded hands, compared to its average volume of 5,466. Subsea 7 has a 12-month low of $14.18 and a 12-month high of $19.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.07 and a quick ratio of 1.05. The business's 50 day simple moving average is $15.98 and its 200-day simple moving average is $16.19. The firm has a market capitalization of $4.75 billion, a P/E ratio of 78.53 and a beta of 1.70.
Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last released 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 business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.81 billion. Subsea 7 had a net margin of 1.63% and a return on equity of 2.37%. As a group, equities analysts anticipate that Subsea 7 will post 0.86 EPS for the current year.
Analysts Set New Price Targets
Separately, Barclays raised Subsea 7 from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th.
View Our Latest Research Report on Subsea 7
Subsea 7 Company Profile
(
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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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