Subsea 7 (OTCMKTS:SUBCY) Sees Strong Trading Volume – What’s Next?

Subsea 7 SA (OTCMKTS:SUBCY) shares saw unusually-strong trading volume on Wednesday . Approximately 31,265 shares changed hands during mid-day trading, an increase of 253% from the previous session’s volume of 8,851 shares.The stock last traded at $20.1650 and had previously closed at $20.2215.

Wall Street Analyst Weigh In

SUBCY has been the subject of a number of research reports. UBS Group reiterated a “neutral” rating on shares of Subsea 7 in a research note on Monday, November 24th. Zacks Research upgraded shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Subsea 7 currently has a consensus rating of “Buy”.

Subsea 7 Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.02. The business has a 50 day moving average price of $19.17 and a 200-day moving average price of $19.56. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 21.01 and a beta of 1.15.

Subsea 7 (OTCMKTS:SUBCY) last issued its earnings results on Thursday, November 20th. The energy company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.89 billion. Subsea 7 had a return on equity of 6.66% and a net margin of 4.08%. Research analysts predict that Subsea 7 SA will post 0.86 EPS for the current fiscal 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.