Subsea 7 (OTCMKTS:SUBCY – Get Free Report) released its quarterly earnings data on Thursday. The energy company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.21, Zacks reports. Subsea 7 had a net margin of 6.67% and a return on equity of 11.38%.
Subsea 7 Stock Up 3.2%
Shares of SUBCY stock traded up $1.01 during trading hours on Thursday, hitting $32.38. 9,215 shares of the company’s stock traded hands, compared to its average volume of 27,318. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 0.09. The stock’s fifty day simple moving average is $34.23 and its two-hundred day simple moving average is $30.67. Subsea 7 has a 12-month low of $17.79 and a 12-month high of $37.66. The stock has a market cap of $9.57 billion, a price-to-earnings ratio of 19.51 and a beta of 1.08.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on SUBCY. UBS Group upgraded Subsea 7 from an “overweight” rating to a “buy” rating in a report on Thursday, July 23rd. Barclays cut Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Rothschild & Co Redburn raised Subsea 7 from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Finally, Zacks Research cut Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
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.
See Also
- Five stocks we like better than Subsea 7
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Receive News & Ratings for Subsea 7 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Subsea 7 and related companies with MarketBeat.com's FREE daily email newsletter.
