Subsea 7 SA (OTCMKTS:SUBCY) Sees Significant Growth in Short Interest

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 trading volume of 18,300 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 18,300 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

A number of research firms have recently weighed in on SUBCY. Wall Street Zen raised Subsea 7 from a "hold" rating to a "buy" rating in a research report on Tuesday. UBS Group reiterated an "outperform" rating on shares of Subsea 7 in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Subsea 7 presently has an average rating of "Moderate Buy".

Subsea 7 Stock Up 0.6%

Shares of OTCMKTS:SUBCY traded up $0.12 on Tuesday, hitting $18.99. 2,741 shares of the company's stock were exchanged, compared to its average volume of 7,016. The firm's 50-day moving average is $18.76 and its 200 day moving average is $16.64. The company has a market capitalization of $5.74 billion, a PE ratio of 21.34 and a beta of 1.43. Subsea 7 has a 1-year low of $12.15 and a 1-year high of $20.42. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.04.

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

Subsea 7 Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, May 22nd. Stockholders 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 dividend yield of 529.0%. This is an increase from Subsea 7's previous dividend of $0.28. Subsea 7's dividend payout ratio is presently 130.34%.

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.