Subsea 7 (OTCMKTS:SUBCY) Cut to Hold at Zacks Research

Subsea 7 (OTCMKTS:SUBCY) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other research analysts have also recently weighed in on SUBCY. Barclays cut shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. UBS Group restated an “overweight” rating on shares of Subsea 7 in a research report on Monday. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Subsea 7 Stock Up 3.0%

SUBCY stock opened at $37.24 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 0.09. The company’s 50 day moving average is $31.01 and its 200 day moving average is $25.02. The stock has a market cap of $11.01 billion, a price-to-earnings ratio of 22.44 and a beta of 1.12. Subsea 7 has a 1-year low of $15.87 and a 1-year high of $37.25.

Subsea 7 (OTCMKTS:SUBCY) last posted its quarterly earnings data on Thursday, April 30th. The energy company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.03). The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.62 billion. Subsea 7 had a return on equity of 11.38% and a net margin of 6.67%. Sell-side analysts predict that Subsea 7 will post 2.08 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.