Subsea 7 (OTCMKTS:SUBCY – Get Free Report) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.
Separately, UBS Group reaffirmed a “neutral” rating on shares of Subsea 7 in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.
View Our Latest Stock Analysis on SUBCY
Subsea 7 Price Performance
Subsea 7 (OTCMKTS:SUBCY – Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The energy company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.06). The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Subsea 7 had a net margin of 5.76% and a return on equity of 9.46%. On average, research analysts forecast that Subsea 7 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.
Further Reading
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