Subsea 7 (OTCMKTS:SUBCY) Trading Down 6.2% – Here’s Why

Subsea 7 SA (OTCMKTS:SUBCY)’s share price was down 6.2% during mid-day trading on Thursday . The company traded as low as $34.58 and last traded at $34.69. Approximately 889 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 32,078 shares. The stock had previously closed at $37.00.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SUBCY shares. UBS Group reissued an “overweight” rating on shares of Subsea 7 in a research note on Monday, May 11th. Zacks Research downgraded shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Finally, Barclays downgraded shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note 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, the stock has an average rating of “Hold”.

Subsea 7 Stock Performance

The firm’s 50 day moving average is $31.65 and its two-hundred day moving average is $25.45. The stock has a market capitalization of $10.17 billion, a PE ratio of 20.72 and a beta of 1.12. 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 (OTCMKTS:SUBCY) last announced its earnings results on Thursday, April 30th. The energy company reported $0.34 earnings per share 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 business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.62 billion. As a group, research analysts predict that Subsea 7 SA will post 2.29 earnings per share for the current year.

About Subsea 7

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.