Subsea 7 SA (OTCMKTS:SUBCY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Subsea 7 SA (OTCMKTS:SUBCY) have been assigned an average recommendation of “Moderate Buy” from the five analysts that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company.

Several equities analysts have recently commented on SUBCY shares. Zacks Research lowered shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Rothschild & Co Redburn upgraded shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. UBS Group raised Subsea 7 from an “overweight” rating to a “buy” rating in a research report on Thursday, July 23rd. Finally, Barclays cut Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th.

Subsea 7 Trading Up 3.2%

OTCMKTS SUBCY opened at $32.38 on Friday. The firm’s 50-day moving average is $34.19 and its two-hundred day moving average is $30.75. Subsea 7 has a 12 month low of $17.79 and a 12 month high of $37.66. 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 capitalization of $9.57 billion, a P/E ratio of 19.51 and a beta of 1.08.

Subsea 7 (OTCMKTS:SUBCY) last announced its earnings results on Thursday, July 30th. The energy company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.21. Subsea 7 had a net margin of 6.67% and a return on equity of 11.38%. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.91 billion. On average, sell-side analysts anticipate that Subsea 7 will post 2.32 earnings per share for the current 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.