Subsea 7 (OTCMKTS:SUBCY) Sees Strong Trading Volume – Should You Buy?

Shares of Subsea 7 SA (OTCMKTS:SUBCY) saw an uptick in trading volume on Monday . 64,493 shares traded hands during trading, an increase of 639% from the previous session’s volume of 8,730 shares.The stock last traded at $19.26 and had previously closed at $19.3335.

Analyst Upgrades and Downgrades

Separately, UBS Group reissued a “neutral” rating on shares of Subsea 7 in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Subsea 7 has a consensus rating of “Moderate Buy”.

Subsea 7 Trading Down 0.4%

The business has a 50 day moving average of $19.18 and a two-hundred day moving average of $19.39. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 20.05 and a beta of 1.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.95 and a current ratio of 0.97.

Subsea 7 (OTCMKTS:SUBCY) last issued its earnings results on Thursday, November 20th. The energy company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.89 billion. Subsea 7 had a return on equity of 6.66% and a net margin of 4.08%. Equities analysts predict that Subsea 7 SA will post 0.86 EPS for the current year.

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.