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

Subsea 7 SA (OTCMKTS:SUBCY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $35.74, but opened at $34.30. Subsea 7 shares last traded at $34.23, with a volume of 1,124 shares.

Analyst Ratings Changes

A number of equities research analysts recently commented on SUBCY shares. Zacks Research lowered Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. UBS Group reissued a “neutral” rating on shares of Subsea 7 in a research report on Tuesday, June 30th. Finally, Barclays cut shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Subsea 7 Stock Performance

The firm has a 50-day moving average of $34.82 and a two-hundred day moving average of $29.39. 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 company has a market capitalization of $10.14 billion, a PE ratio of 20.66 and a beta of 1.08.

Subsea 7 (OTCMKTS:SUBCY) last released its quarterly earnings data on Thursday, April 30th. The energy company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03). The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Subsea 7 had a return on equity of 11.38% and a net margin of 6.67%. Research analysts anticipate that Subsea 7 SA will post 2.29 EPS for the current year.

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.