Subsea 7 (OTCMKTS:SUBCY) Rating Lowered to Hold at Zacks Research

Subsea 7 (OTCMKTS:SUBCYGet Free Report) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Several other research analysts have also recently issued reports on the stock. UBS Group restated an “overweight” rating on shares of Subsea 7 in a report on Monday. Barclays cut shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Read Our Latest Analysis on Subsea 7

Subsea 7 Stock Up 3.0%

Shares of Subsea 7 stock opened at $37.24 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.09 and a current ratio of 1.11. Subsea 7 has a 52-week low of $15.87 and a 52-week high of $37.25. The stock has a market capitalization of $11.01 billion, a price-to-earnings ratio of 22.44 and a beta of 1.12. The company’s 50 day moving average price is $31.01 and its 200-day moving average price is $25.02.

Subsea 7 (OTCMKTS:SUBCYGet Free Report) last issued its earnings results on Thursday, April 30th. The energy company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). Subsea 7 had a return on equity of 11.38% and a net margin of 6.67%.The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.62 billion. Equities research analysts forecast that Subsea 7 will post 2.08 EPS for the current year.

About Subsea 7

(Get Free Report)

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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