Subsea 7 (OTCMKTS:SUBCY) Releases Quarterly Earnings Results, Misses Expectations By $0.06 EPS

Subsea 7 (OTCMKTS:SUBCY) announced its quarterly earnings data on Thursday. The energy company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.06), Zacks reports. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.95 billion. Subsea 7 had a return on equity of 6.66% and a net margin of 4.08%.

Subsea 7 Price Performance

Subsea 7 stock traded up $0.21 on Thursday, reaching $27.79. The company’s stock had a trading volume of 8,104 shares, compared to its average volume of 17,790. Subsea 7 has a twelve month low of $12.15 and a twelve month high of $27.82. The company has a market cap of $8.22 billion, a price-to-earnings ratio of 28.95 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. The business’s fifty day moving average price is $23.45 and its 200 day moving average price is $20.98.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. UBS Group reiterated a “neutral” rating on shares of Subsea 7 in a research report on Friday, January 30th. Zacks Research lowered Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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.