Subsea 7 S.A. (OTCMKTS:SUBCY – Get Free Report) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 6,200 shares, a growth of 210.0% from the August 31st total of 2,000 shares. Based on an average daily volume of 21,800 shares, the short-interest ratio is presently 0.3 days.
Wall Street Analyst Weigh In
Separately, BNP Paribas reaffirmed a “neutral” rating on shares of Subsea 7 in a report on Monday, September 9th.
Check Out Our Latest Analysis on Subsea 7
Subsea 7 Price Performance
Subsea 7 (OTCMKTS:SUBCY – Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The energy company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.04). The company had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. On average, research analysts expect that Subsea 7 will post 0.86 EPS for the current year.
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.
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