Short Interest in Subsea 7 S.A. (OTCMKTS:SUBCY) Declines By 75.8%

Subsea 7 S.A. (OTCMKTS:SUBCY - Get Free Report) was the target of a significant drop in short interest in May. As of May 31st, there was short interest totalling 3,000 shares, a drop of 75.8% from the May 15th total of 12,400 shares. Based on an average trading volume of 19,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company's stock are sold short.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SUBCY shares. Barclays upgraded shares of Subsea 7 from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th. UBS Group reiterated an "outperform" rating on shares of Subsea 7 in a research note on Thursday, May 1st.

Subsea 7 Stock Performance

Shares of SUBCY traded up $0.14 during trading hours on Thursday, reaching $19.06. 4,510 shares of the company traded hands, compared to its average volume of 6,721. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average price of $15.47 and a 200-day moving average price of $15.85. Subsea 7 has a 12-month low of $12.15 and a 12-month high of $19.60. The stock has a market capitalization of $5.76 billion, a P/E ratio of 95.32 and a beta of 1.45.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The energy company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.09. The company had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.46 billion. Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. Equities analysts anticipate that Subsea 7 will post 0.86 EPS for the current fiscal year.

Subsea 7 Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, May 22nd. Investors of record on Friday, May 16th were given a $0.5822 dividend. The ex-dividend date was Thursday, May 15th. This represents a yield of 5.29%. This is a positive change from Subsea 7's previous dividend of $0.28. Subsea 7's dividend payout ratio is currently 181.25%.

Subsea 7 Company Profile

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.