Subsea 7 (OTCMKTS:SUBCY) Shares Gap Up – Here’s Why

Shares of Subsea 7 SA (OTCMKTS:SUBCY) gapped up prior to trading on Tuesday . The stock had previously closed at $26.54, but opened at $27.4150. Subsea 7 shares last traded at $27.4150, with a volume of 1,219 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SUBCY shares. UBS Group reaffirmed a “neutral” rating on shares of Subsea 7 in a research report on Friday, January 30th. Zacks Research lowered shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Subsea 7 Stock Performance

The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $8.29 billion, a P/E ratio of 20.31 and a beta of 1.10. The company has a 50-day moving average price of $25.93 and a two-hundred day moving average price of $21.93.

Subsea 7 (OTCMKTS:SUBCY) last issued its earnings results on Thursday, February 26th. The energy company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.06). Subsea 7 had a return on equity of 9.46% and a net margin of 5.76%.The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Equities 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.