Subsea 7 (OTCMKTS:SUBCY) Shares Gap Down – Here’s What Happened

Subsea 7 SA (OTCMKTS:SUBCY)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $28.8750, but opened at $25.18. Subsea 7 shares last traded at $25.08, with a volume of 3,342 shares changing hands.

Wall Street Analyst Weigh In

SUBCY has been the subject of a number of research reports. Zacks Research lowered shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. UBS Group restated a “neutral” rating on shares of Subsea 7 in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Subsea 7 Trading Down 8.8%

The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average price of $23.95 and a two-hundred day moving average price of $21.18. The stock has a market cap of $7.48 billion, a P/E ratio of 18.34 and a beta of 1.10.

Subsea 7 (OTCMKTS:SUBCY) last released its earnings results on Thursday, February 26th. The energy company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.06). The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Subsea 7 had a return on equity of 9.55% and a net margin of 5.76%. On average, research analysts expect that Subsea 7 SA will post 0.86 EPS for the current fiscal 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.