Subsea 7 (OTCMKTS:SUBCY) Sees Strong Trading Volume – Here’s What Happened

Shares of Subsea 7 SA (OTCMKTS:SUBCY) saw strong trading volume on Thursday . 16,953 shares traded hands during mid-day trading, an increase of 104% from the previous session’s volume of 8,314 shares.The stock last traded at $23.07 and had previously closed at $22.86.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SUBCY shares. Zacks Research upgraded shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. UBS Group reaffirmed a “neutral” rating on shares of Subsea 7 in a report on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Subsea 7 Trading Up 0.9%

The firm has a market cap of $6.82 billion, a price-to-earnings ratio of 24.04 and a beta of 1.14. The firm’s fifty day moving average is $20.06 and its 200-day moving average is $19.85. 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 announced 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 return on equity of 6.66% and a net margin of 4.08%.The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.89 billion. Equities analysts anticipate that Subsea 7 SA will post 0.86 earnings per share for the current 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.