Subsea 7 SA (OTCMKTS:SUBCY) Short Interest Up 1,050.0% in July

Key Points

• Subsea 7 SA experienced a significant increase of 1,050.0% in short interest in July, rising from 200 shares to 2,300 shares.
• The company reported $0.45 earnings per share, exceeding analyst expectations, but its revenue of $1.76 billion fell short of the estimated $1.84 billion.
• Subsea 7 recently raised its dividend payout, with a new yield of 529.0%, up from the previous dividend of $0.28.

Subsea 7 SA (OTCMKTS:SUBCY - Get Free Report) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 2,300 shares, agrowthof1,050.0% from the June 30th total of 200 shares. Based on an average daily volume of 18,300 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 18,300 shares, the days-to-cover ratio is presently 0.1 days.

Subsea 7 Trading Down 2.0%

Shares of SUBCY opened at $19.04 on Friday. The stock's 50-day moving average price is $18.76 and its 200 day moving average price is $16.65. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 21.39 and a beta of 1.43. Subsea 7 has a 12-month low of $12.15 and a 12-month high of $20.42.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The energy company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.11. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.84 billion. Subsea 7 had a net margin of 3.80% and a return on equity of 6.12%. As a group, research analysts predict that Subsea 7 will post 0.86 earnings per share for the current year.

Subsea 7 Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, May 22nd. Stockholders of record on Friday, May 16th were paid a $0.5822 dividend. This represents a dividend yield of 529.0%. This is an increase from Subsea 7's previous dividend of $0.28. The ex-dividend date was Thursday, May 15th. Subsea 7's dividend payout ratio is presently 181.25%.

Analysts Set New Price Targets

SUBCY has been the subject of several research reports. UBS Group reiterated an "outperform" rating on shares of Subsea 7 in a report on Thursday, May 1st. Wall Street Zen downgraded Subsea 7 from a "buy" rating to a "hold" rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

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.

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