Subsea 7 (OTCMKTS:SUBCY) Hits New 12-Month High – What’s Next?

Subsea 7 SA (OTCMKTS:SUBCY) reached a new 52-week high during trading on Thursday . The company traded as high as $33.68 and last traded at $33.48, with a volume of 14456 shares trading hands. The stock had previously closed at $31.33.

Analyst Upgrades and Downgrades

A number of research firms have commented on SUBCY. Zacks Research upgraded shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. UBS Group reiterated a “neutral” rating on shares of Subsea 7 in a research note on Wednesday, April 15th. Finally, Barclays downgraded shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Subsea 7 has a consensus rating of “Moderate Buy”.

Subsea 7 Stock Performance

The stock’s 50-day moving average price is $28.65 and its 200-day moving average price is $23.44. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $9.90 billion, a P/E ratio of 24.26 and a beta of 1.07.

Subsea 7 (OTCMKTS:SUBCY) last posted its quarterly earnings results on Thursday, February 26th. The energy company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.06). Subsea 7 had a return on equity of 9.46% and a net margin of 5.76%.The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.95 billion. As a group, equities analysts expect that Subsea 7 SA will post 2.13 EPS 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.