Subsea 7 (OTCMKTS:SUBCY) Sees Strong Trading Volume – Time to Buy?

Subsea 7 SA (OTCMKTS:SUBCY) saw unusually-high trading volume on Monday . Approximately 9,659 shares traded hands during mid-day trading, an increase of 27% from the previous session’s volume of 7,616 shares.The stock last traded at $21.35 and had previously closed at $20.96.

Wall Street Analyst Weigh In

SUBCY has been the topic of several research analyst reports. Royal Bank Of Canada downgraded Subsea 7 from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 1st. UBS Group reissued a “buy” rating on shares of Subsea 7 in a research note on Thursday, August 14th. Finally, Wall Street Zen upgraded Subsea 7 from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Subsea 7 Price Performance

The stock has a 50 day moving average of $19.99 and a 200-day moving average of $17.74. The company has a market cap of $6.41 billion, a PE ratio of 23.84 and a beta of 1.44. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.04.

Subsea 7 (OTCMKTS:SUBCY) last released its quarterly earnings data on Thursday, July 31st. The energy company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. Subsea 7 had a return on equity of 6.12% and a net margin of 3.80%.The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.84 billion. Subsea 7 has set its FY 2025 guidance at EPS. Equities analysts predict that Subsea 7 SA will post 0.86 earnings per share for the current year.

About Subsea 7

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.