Subsea 7 (OTCMKTS:SUBCY) Issues Earnings Results

Subsea 7 (OTCMKTS:SUBCY) announced its quarterly earnings results on Thursday. The energy company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.07), Zacks reports. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.89 billion. Subsea 7 had a net margin of 3.80% and a return on equity of 6.18%.

Subsea 7 Stock Down 1.7%

Shares of OTCMKTS:SUBCY opened at $18.28 on Thursday. Subsea 7 has a 1-year low of $12.15 and a 1-year high of $21.44. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.97 and a quick ratio of 0.95. The stock has a market cap of $5.52 billion, a P/E ratio of 20.54 and a beta of 1.38. The firm has a fifty day moving average price of $19.63 and a 200 day moving average price of $18.99.

Wall Street Analyst Weigh In

SUBCY has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Subsea 7 from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Royal Bank Of Canada downgraded shares of Subsea 7 from a “moderate buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, UBS Group reiterated a “buy” rating on shares of Subsea 7 in a report on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Subsea 7 presently has a consensus rating of “Buy”.

About Subsea 7

Subsea 7 SA delivers offshore projects and services for the energy industry worldwide. It provides subsea field development products and services, including project management, design and engineering, procurement, fabrication, survey, installation, and commissioning of production facilities on the seabed and the tie-back of its facilities to fixed or floating platforms or to the shore.