Subsea 7 (OTCMKTS:SUBCY – Get Free Report) posted its quarterly earnings results on Thursday. The energy company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.21, Zacks reports. Subsea 7 had a return on equity of 11.38% and a net margin of 6.67%.
Subsea 7 Stock Performance
SUBCY traded up $1.01 during midday trading on Thursday, hitting $32.38. 9,215 shares of the company traded hands, compared to its average volume of 27,318. The company’s 50-day moving average is $34.23 and its 200 day moving average is $30.67. 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 has a market capitalization of $9.57 billion, a PE ratio of 19.51 and a beta of 1.08. Subsea 7 has a 52 week low of $17.79 and a 52 week high of $37.66.
Analyst Ratings Changes
SUBCY has been the subject of a number of analyst reports. Barclays lowered shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Zacks Research downgraded shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. UBS Group upgraded shares of Subsea 7 from an “overweight” rating to a “buy” rating in a report on Thursday, July 23rd. Finally, Rothschild & Co Redburn upgraded shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Subsea 7 has a consensus rating of “Moderate Buy”.
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.
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