Subsea 7 S.A. (OTCMKTS:SUBCY - Get Free Report) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 12,400 shares, an increase of 12,300.0% from the April 30th total of 100 shares. Currently, 0.0% of the company's stock are sold short. Based on an average trading volume of 19,900 shares, the days-to-cover ratio is presently 0.6 days.
Subsea 7 Stock Performance
Shares of OTCMKTS:SUBCY traded up $0.03 during trading on Friday, hitting $17.02. 5,867 shares of the company traded hands, compared to its average volume of 6,722. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 85.10 and a beta of 1.41. The business's fifty day moving average is $15.08 and its 200-day moving average is $15.76. Subsea 7 has a one year low of $12.15 and a one year high of $19.60. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 0.16.
Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The energy company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.03) by $0.09. Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.46 billion. As a group, equities analysts predict 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 $0.5822 dividend. This represents a yield of 5.29%. This is a positive change from Subsea 7's previous dividend of $0.28. The ex-dividend date of this dividend was Thursday, May 15th. Subsea 7's dividend payout ratio is 181.25%.
Analyst Upgrades and Downgrades
SUBCY has been the topic of a number of analyst reports. Barclays raised Subsea 7 from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. UBS Group reissued an "outperform" rating on shares of Subsea 7 in a report on Thursday, May 1st.
Check Out Our Latest Stock Report on SUBCY
About Subsea 7
(
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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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