Subsea 7 (OTCMKTS:SUBCY) Posts Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Subsea 7 (OTCMKTS:SUBCY) issued its quarterly earnings data on Thursday. The energy company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07), Zacks reports. Subsea 7 had a return on equity of 6.18% and a net margin of 3.80%.The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.89 billion.

Subsea 7 Stock Down 1.7%

Shares of OTCMKTS SUBCY opened at $18.28 on Thursday. The stock has a market cap of $5.52 billion, a PE ratio of 20.54 and a beta of 1.38. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12. Subsea 7 has a 12-month low of $12.15 and a 12-month high of $21.44. The company has a 50-day moving average of $19.63 and a 200 day moving average of $18.99.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wall Street Zen upgraded Subsea 7 from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. UBS Group restated a “buy” rating on shares of Subsea 7 in a research report on Thursday, August 14th. Finally, Royal Bank Of Canada downgraded Subsea 7 from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

About Subsea 7

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.