Subsea 7 (OTCMKTS:SUBCY) Hits New 12-Month High – Here’s What Happened

Shares of Subsea 7 SA (OTCMKTS:SUBCY) hit a new 52-week high during trading on Thursday . The company traded as high as $28.95 and last traded at $28.95, with a volume of 1556 shares trading hands. The stock had previously closed at $28.03.

Analyst Ratings Changes

Several research analysts recently commented on the stock. UBS Group reaffirmed a “neutral” rating on shares of Subsea 7 in a report on Friday, January 30th. Zacks Research downgraded Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Subsea 7 currently has an average rating of “Hold”.

Subsea 7 Stock Performance

The business’s fifty day moving average price is $25.93 and its 200-day moving average price is $21.93. 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 $8.53 billion, a PE ratio of 20.91 and a beta of 1.10.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly earnings data on Thursday, February 26th. The energy company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.06). The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Subsea 7 had a net margin of 5.76% and a return on equity of 9.46%. As a group, equities research analysts expect that Subsea 7 SA will post 0.86 EPS 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.