Subsea 7 (OTCMKTS:SUBCY – Get Free Report) released its quarterly earnings results on Thursday. The energy company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.10), Zacks reports. Subsea 7 had a net margin of 4.08% and a return on equity of 6.66%.
Subsea 7 Trading Up 0.5%
Shares of OTCMKTS SUBCY traded up $0.14 during trading on Thursday, reaching $27.72. The stock had a trading volume of 5,231 shares, compared to its average volume of 17,770. The business’s 50-day moving average price is $23.45 and its 200-day moving average price is $20.98. Subsea 7 has a fifty-two week low of $12.15 and a fifty-two week high of $27.82. The company has a market cap of $8.19 billion, a P/E ratio of 28.88 and a beta of 1.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.02.
Wall Street Analyst Weigh In
SUBCY has been the subject of a number of recent analyst reports. Zacks Research cut Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. UBS Group restated a “neutral” rating on shares of Subsea 7 in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat, Subsea 7 currently has an average rating of “Moderate Buy”.
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.
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