Subsea 7 (OTCMKTS:SUBCY) Shares Gap Up – Still a Buy?

Shares of Subsea 7 SA (OTCMKTS:SUBCY) gapped up before the market opened on Wednesday . The stock had previously closed at $31.33, but opened at $33.54. Subsea 7 shares last traded at $33.64, with a volume of 4,596 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SUBCY. Zacks Research upgraded Subsea 7 from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Barclays cut Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, UBS Group cut Subsea 7 from a “neutral” rating to a “sell” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Subsea 7 has an average rating of “Hold”.

Subsea 7 Stock Performance

The business has a fifty day simple moving average of $28.79 and a 200-day simple moving average of $23.51. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 0.09. The firm has a market cap of $9.78 billion, a P/E ratio of 23.96 and a beta of 1.07.

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 analysts’ consensus estimates of $0.55 by ($0.06). The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.95 billion. Subsea 7 had a return on equity of 9.46% and a net margin of 5.76%. On average, sell-side analysts predict that Subsea 7 SA will post 2.13 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.