Subsea 7 (OTCMKTS:SUBCY) Sets New 12-Month High – Still a Buy?

Shares of Subsea 7 SA (OTCMKTS:SUBCY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $21.64 and last traded at $21.64, with a volume of 520 shares traded. The stock had previously closed at $20.89.

Analysts Set New Price Targets

Several research firms have weighed in on SUBCY. Zacks Research raised Subsea 7 from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. UBS Group reaffirmed a “neutral” rating on shares of Subsea 7 in a research report on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy”.

Subsea 7 Trading Down 2.7%

The business’s 50-day moving average price is $19.36 and its 200 day moving average price is $19.63. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 21.85 and a beta of 1.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.00.

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 business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.89 billion. Subsea 7 had a net margin of 4.08% and a return on equity of 6.66%. On average, equities analysts forecast that Subsea 7 SA will post 0.86 earnings per share for the current fiscal year.

Subsea 7 Company Profile

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.