Subsea 7 (OTCMKTS:SUBCY) Reaches New 12-Month High – Time to Buy?

Subsea 7 SA (OTCMKTS:SUBCY)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $27.00 and last traded at $26.62, with a volume of 5295 shares traded. The stock had previously closed at $26.47.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SUBCY. Zacks Research cut Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. UBS Group reaffirmed a “neutral” rating on shares of Subsea 7 in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Subsea 7 currently has a consensus rating of “Moderate Buy”.

Subsea 7 Trading Down 0.1%

The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 28.58 and a beta of 1.13. The business’s 50-day moving average price is $22.65 and its 200 day moving average price is $20.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.00.

Subsea 7 (OTCMKTS:SUBCY) last released its quarterly 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). 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 for the quarter, compared to analyst estimates of $1.89 billion. On average, equities analysts forecast 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.