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

Subsea 7 SA (OTCMKTS:SUBCY) shares gapped up prior to trading on Thursday . The stock had previously closed at $31.75, but opened at $33.54. Subsea 7 shares last traded at $32.90, with a volume of 3,368 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SUBCY. UBS Group restated a “neutral” rating on shares of Subsea 7 in a report on Friday, January 30th. Zacks Research cut Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Subsea 7 Trading Up 4.8%

The business has a fifty day simple moving average of $27.28 and a 200 day simple moving average of $22.61. The stock has a market cap of $9.84 billion, a price-to-earnings ratio of 24.12 and a beta of 1.07. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.09 and a current ratio of 1.11.

Subsea 7 (OTCMKTS:SUBCY) last posted its quarterly earnings data on Thursday, February 26th. The energy company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.06). Subsea 7 had a return on equity of 9.46% and a net margin of 5.76%.The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.95 billion. As a group, equities analysts anticipate 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.