Subsea 7 (OTCMKTS:SUBCY) Raised to “Strong-Buy” at Rothschild & Co Redburn

Subsea 7 (OTCMKTS:SUBCY – Get Free Report) was upgraded by equities researchers at Rothschild & Co Redburn from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other research firms also recently issued reports on SUBCY. UBS Group upgraded Subsea 7 from an “overweight” rating to a “buy” rating in a report on Thursday. Zacks Research cut shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Barclays downgraded shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Subsea 7 has a consensus rating of “Moderate Buy”.

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Subsea 7 Stock Down 1.2%

SUBCY stock opened at $34.40 on Thursday. Subsea 7 has a fifty-two week low of $17.79 and a fifty-two week high of $37.66. The business’s 50 day moving average price is $34.59 and its two-hundred day moving average price is $30.34. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.09 and a current ratio of 1.11. The company has a market capitalization of $10.17 billion, a price-to-earnings ratio of 20.72 and a beta of 1.08.

Subsea 7 (OTCMKTS:SUBCY – Get Free Report) last released its earnings results on Thursday, April 30th. The energy company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). Subsea 7 had a net margin of 6.67% and a return on equity of 11.38%. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.62 billion. As a group, analysts forecast that Subsea 7 will post 2.32 earnings per share for the current fiscal year.

Subsea 7 Company Profile

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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.

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