Subsea 7 S.A. (OTCMKTS:SUBCY - Get Free Report) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 2,300 shares, a decrease of 43.9% from the March 15th total of 4,100 shares. Based on an average daily volume of 11,000 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.
Subsea 7 Price Performance
SUBCY stock traded up $0.36 during trading on Friday, hitting $14.20. 2,630 shares of the stock traded hands, compared to its average volume of 5,750. 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 stock has a market cap of $4.29 billion, a price-to-earnings ratio of 70.98 and a beta of 1.38. Subsea 7 has a one year low of $12.15 and a one year high of $19.60. The company has a 50 day simple moving average of $15.09 and a 200 day simple moving average of $15.85.
Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last announced 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 the consensus estimate of $1.81 billion. Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. Equities analysts expect that Subsea 7 will post 0.86 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Barclays raised Subsea 7 from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 4th.
Check Out Our Latest Stock 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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