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

Subsea 7 SA (OTCMKTS:SUBCYGet Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $34.3750, but opened at $31.50. Subsea 7 shares last traded at $31.4190, with a volume of 3,788 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SUBCY. UBS Group raised Subsea 7 from an “overweight” rating to a “buy” rating in a research note on Thursday, July 23rd. Barclays cut shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Rothschild & Co Redburn upgraded shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. Finally, Zacks Research cut shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Subsea 7 has an average rating of “Moderate Buy”.

View Our Latest Report on Subsea 7

Subsea 7 Trading Up 1.0%

The business has a 50 day moving average of $34.23 and a 200-day moving average of $30.67. The stock has a market cap of $9.35 billion, a PE ratio of 19.06 and a beta of 1.08. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 0.09.

Subsea 7 (OTCMKTS:SUBCYGet Free Report) last released its quarterly earnings results on Thursday, July 30th. The energy company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.21. Subsea 7 had a return on equity of 11.38% and a net margin of 6.67%. On average, analysts anticipate that Subsea 7 SA will post 2.32 EPS for the current year.

About Subsea 7

(Get Free Report)

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.

Further Reading

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