Subsea 7 (OTCMKTS:SUBCY) Shares Gap Up – Here’s Why

Subsea 7 SA (OTCMKTS:SUBCY) gapped up before the market opened on Wednesday . The stock had previously closed at $21.1645, but opened at $21.92. Subsea 7 shares last traded at $21.9750, with a volume of 4,486 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently commented on SUBCY shares. UBS Group reissued a “neutral” rating on shares of Subsea 7 in a research note on Monday, November 24th. Zacks Research upgraded shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy”.

Subsea 7 Price Performance

The business has a 50-day moving average price of $19.59 and a 200 day moving average price of $19.72. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 22.95 and a beta of 1.14. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10.

Subsea 7 (OTCMKTS:SUBCY) last issued its earnings results on Thursday, November 20th. The energy company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). Subsea 7 had a return on equity of 6.66% and a net margin of 4.08%.The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.89 billion. As a group, research analysts expect 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.