Subsea 7 (SUBCY) Receives Underperform Rating from Macquarie

Macquarie restated their underperform rating on shares of Subsea 7 (OTCMKTS:SUBCY) in a report issued on Friday.

Several other research firms have also issued reports on SUBCY. Zacks Investment Research lowered shares of Subsea 7 from a hold rating to a sell rating in a research report on Tuesday, October 3rd. Goldman Sachs Group lowered shares of Subsea 7 from a neutral rating to a sell rating in a research report on Tuesday, October 10th.

Subsea 7 (OTCMKTS SUBCY) traded up $0.25 during trading on Friday, reaching $16.64. 8,500 shares of the company’s stock traded hands, compared to its average volume of 12,925. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.27 and a current ratio of 1.29. The firm has a market capitalization of $5,365.59, a price-to-earnings ratio of 13.98 and a beta of 1.56. Subsea 7 has a 12-month low of $12.50 and a 12-month high of $17.43.

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Subsea 7 Company Profile

Subsea 7 SA is a provider of seabed-to-surface engineering, construction and services contractor to the offshore energy industry. The Company’s segments include SURF and Conventional, i-Tech Services and Corporate. The SURF and Conventional segment includes Subsea Umbilicals, Risers and Flowlines (SURF) activities related to the engineering, procurement, construction (EPC) and installation of systems offshore, including the long-term Pipelay Support Vessel (PLSV) contracts in Brazil, and conventional services, including the fabrication, installation, extension and refurbishment of fixed and floating platforms and associated pipelines in shallow water environments.

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