Subsea 7 (OTCMKTS:SUBCY) Sets New 1-Year High – Still a Buy?

Subsea 7 SA (OTCMKTS:SUBCY)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $22.28 and last traded at $22.2650, with a volume of 8032 shares. The stock had previously closed at $22.1565.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SUBCY. Zacks Research upgraded shares of 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 stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Subsea 7 Price Performance

The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 23.01 and a beta of 1.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.02. The company has a 50-day simple moving average of $19.92 and a two-hundred day simple moving average of $19.81.

Subsea 7 (OTCMKTS:SUBCY) last released its quarterly earnings data on Thursday, November 20th. The energy company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.07). Subsea 7 had a net margin of 4.08% and a return on equity of 6.66%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.89 billion. As a group, equities research analysts forecast that Subsea 7 SA will post 0.86 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.