Subsea 7 (OTCMKTS:SUBCY) Shares Gap Up – What’s Next?

Shares of Subsea 7 SA (OTCMKTS:SUBCY) gapped up before the market opened on Friday . The stock had previously closed at $22.86, but opened at $24.18. Subsea 7 shares last traded at $23.98, with a volume of 14,756 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on SUBCY shares. Zacks Research raised Subsea 7 from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. UBS Group restated a “neutral” rating on shares of Subsea 7 in a research note on Monday, November 24th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Subsea 7 Stock Performance

The firm has a market cap of $7.14 billion, a P/E ratio of 25.14 and a beta of 1.14. The business’s fifty day simple moving average is $20.14 and its 200-day simple moving average is $19.87. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10.

Subsea 7 (OTCMKTS:SUBCY) last posted its earnings results on Thursday, November 20th. The energy company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.89 billion. Subsea 7 had a return on equity of 6.66% and a net margin of 4.08%. As a group, sell-side analysts expect 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.