Subsea 7 (OTCMKTS:SUBCY – Get Free Report) released its quarterly earnings results on Thursday. The energy company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03), Zacks reports. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Subsea 7 had a return on equity of 11.38% and a net margin of 6.67%.
Subsea 7 Stock Down 0.5%
Shares of Subsea 7 stock traded down $0.18 on Friday, hitting $36.21. 20,260 shares of the company’s stock traded hands, compared to its average volume of 90,319. The stock has a market cap of $10.70 billion, a P/E ratio of 26.24 and a beta of 1.07. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average is $29.59 and its 200 day moving average is $24.00. Subsea 7 has a 52-week low of $15.00 and a 52-week high of $36.41.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Zacks Research upgraded Subsea 7 from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Barclays cut shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, UBS Group reissued a “sector perform” rating on shares of Subsea 7 in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
Subsea 7 Company Profile
Subsea 7 SA is a global engineering, construction and services contractor serving the offshore energy industry. The company specializes in complex subsea infrastructure projects, offering pipeline and riser installation, umbilical and flowline deployment, and subsea tie-ins. Its fleet of specialized vessels, diving systems and remotely operated vehicles (ROVs) supports installation, inspection, maintenance and repair activities across the life cycle of offshore oil, gas and renewable energy fields.
With roots tracing back to the merger of Subsea 7 Inc and Acergy SA in 2011, Subsea 7 has built a broad international footprint.
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