Subsea 7 (OTCMKTS:SUBCY) Sets New 52-Week High – Time to Buy?

Subsea 7 SA (OTCMKTS:SUBCY) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $21.92 and last traded at $21.92, with a volume of 536 shares. The stock had previously closed at $20.95.

Analyst Ratings Changes

A number of research firms recently weighed in on SUBCY. UBS Group reissued a “neutral” rating on shares of Subsea 7 in a research report on Monday, November 24th. Zacks Research raised shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy”.

Subsea 7 Stock Performance

The company’s 50 day moving average price is $19.76 and its 200-day moving average price is $19.75. 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 company has a market cap of $6.61 billion, a PE ratio of 22.86 and a beta of 1.14.

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