Subsea 7 (SUBCY) Expected to Announce Quarterly Earnings on Thursday

Subsea 7 (OTCMKTS:SUBCY) is expected to post its results before the market opens on Thursday, November 20th. Analysts expect Subsea 7 to post earnings of $0.45 per share and revenue of $1.8899 billion for the quarter.

Subsea 7 Trading Down 0.5%

OTCMKTS:SUBCY opened at $18.65 on Tuesday. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 20.96 and a beta of 1.38. Subsea 7 has a one year low of $12.15 and a one year high of $21.44. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.95 and a current ratio of 0.97. The business’s 50-day simple moving average is $19.70 and its 200 day simple moving average is $18.97.

Analyst Upgrades and Downgrades

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

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.