Subsea 7 S.A. (OTCMKTS:SUBCY) Sees Significant Decrease in Short Interest

Subsea 7 S.A. (OTCMKTS:SUBCY - Get Free Report) was the target of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 3,000 shares, a decline 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 presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Subsea 7 Trading Up 0.2%

Shares of OTCMKTS SUBCY traded up $0.03 during trading hours on Friday, hitting $19.10. 12,629 shares of the company traded hands, compared to its average volume of 6,775. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 95.49 and a beta of 1.45. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16. The company's 50 day moving average price is $15.72 and its 200 day moving average price is $15.90. Subsea 7 has a 12 month low of $12.15 and a 12 month high of $19.60.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last released its earnings results on Wednesday, April 30th. The energy company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.09. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.46 billion. Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. On average, equities research analysts anticipate that Subsea 7 will post 0.86 earnings per share for the current fiscal year.

Subsea 7 Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, May 22nd. Investors of record on Friday, May 16th were issued a dividend of $0.5822 per share. The ex-dividend date was Thursday, May 15th. This represents a yield of 5.29%. This is a boost from Subsea 7's previous dividend of $0.28. Subsea 7's payout ratio is presently 181.25%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SUBCY. Barclays raised Subsea 7 from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. UBS Group reaffirmed an "outperform" rating on shares of Subsea 7 in a research note on Thursday, May 1st.

About Subsea 7

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.