Subsea 7 (OTCMKTS:SUBCY) Releases Earnings Results

Subsea 7 (OTCMKTS:SUBCY) posted its quarterly earnings results on Thursday. The energy company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.15), Zacks reports. Subsea 7 had a net margin of 1.63% and a return on equity of 2.37%.

Subsea 7 Stock Down 4.6 %

OTCMKTS SUBCY traded down $0.77 on Thursday, reaching $15.84. The stock had a trading volume of 3,030 shares, compared to its average volume of 5,349. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16. Subsea 7 has a 1 year low of $13.80 and a 1 year high of $19.60. The business has a 50 day moving average price of $16.53 and a 200 day moving average price of $16.59. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 79.20 and a beta of 1.71.

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.