Subsea 7 S.A. (OTCMKTS:SUBCY - Get Free Report) saw a significant growth in short interest in May. As of May 15th, there was short interest totalling 12,400 shares, a growth of 12,300.0% from the April 30th total of 100 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 19,900 shares, the days-to-cover ratio is currently 0.6 days.
Analyst Ratings Changes
Several brokerages have recently commented on SUBCY. Barclays raised shares of Subsea 7 from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 4th. UBS Group reiterated an "outperform" rating on shares of Subsea 7 in a report on Thursday, May 1st.
Read Our Latest Analysis on Subsea 7
Subsea 7 Stock Performance
OTCMKTS SUBCY traded up $0.03 during trading hours on Monday, reaching $17.02. 5,867 shares of the company were exchanged, compared to its average volume of 6,722. The stock has a market capitalization of $5.14 billion, a P/E ratio of 85.10 and a beta of 1.41. 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 has a 1 year low of $12.15 and a 1 year high of $19.60. The business's 50 day simple moving average is $15.08 and its 200-day simple moving average is $15.76.
Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The energy company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.09. Subsea 7 had a net margin of 1.63% and a return on equity of 2.37%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.46 billion. On average, equities research analysts expect that Subsea 7 will post 0.86 earnings per share for the current year.
Subsea 7 Increases Dividend
The company also recently declared a dividend, which was paid on Thursday, May 22nd. Stockholders of record on Friday, May 16th were given a dividend of $0.5822 per share. This represents a dividend yield of 5.29%. The ex-dividend date was Thursday, May 15th. This is a boost from Subsea 7's previous dividend of $0.28. Subsea 7's dividend payout ratio is currently 181.25%.
About Subsea 7
(
Get Free Report)
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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