Subsea 7 (OTCMKTS:SUBCY) Hits New 52-Week High – Still a Buy?

Shares of Subsea 7 SA (OTCMKTS:SUBCY) hit a new 52-week high during trading on Tuesday . The company traded as high as $31.11 and last traded at $31.11, with a volume of 35025 shares traded. The stock had previously closed at $29.67.

Wall Street Analysts Forecast Growth

SUBCY has been the subject of several recent research reports. UBS Group restated a “neutral” rating on shares of Subsea 7 in a report on Friday, January 30th. Zacks Research cut shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Subsea 7 Price Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.11 and a quick ratio of 1.09. The stock has a market cap of $9.13 billion, a price-to-earnings ratio of 22.39 and a beta of 1.07. The stock has a fifty day moving average of $27.03 and a 200 day moving average of $22.47.

Subsea 7 (OTCMKTS:SUBCY) last issued its earnings results 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 business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Subsea 7 had a return on equity of 9.46% and a net margin of 5.76%. On average, analysts expect that Subsea 7 SA will post 0.86 EPS 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.