Subsea 7 S.A. (OTCMKTS:SUBCY) Sees Significant Growth in Short Interest

Subsea 7 S.A. (OTCMKTS:SUBCY) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 7,500 shares, an increase of 56.3% from the March 31st total of 4,800 shares. Based on an average daily volume of 58,700 shares, the days-to-cover ratio is currently 0.1 days.

Subsea 7 Price Performance

Shares of Subsea 7 stock remained flat at $16.47 during trading on Friday. The stock had a trading volume of 21,252 shares, compared to its average volume of 20,482. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 82.35 and a beta of 1.79. Subsea 7 has a 52 week low of $9.85 and a 52 week high of $16.96. The stock has a fifty day moving average price of $15.54 and a two-hundred day moving average price of $14.34. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.10 and a quick ratio of 1.07.

Subsea 7 (OTCMKTS:SUBCY) last posted its earnings results on Thursday, April 25th. The energy company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.18. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.30 billion. Subsea 7 had a return on equity of 1.44% and a net margin of 1.02%. As a group, equities research analysts anticipate that Subsea 7 will post 0.9 earnings per share for the current year.

Subsea 7 Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th will be given a dividend of $0.2827 per share. The ex-dividend date of this dividend is Monday, May 6th. Subsea 7’s payout ratio is currently 190.00%.

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.