Subsea 7 (OTCMKTS:SUBCY) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Subsea 7 (OTCMKTS:SUBCY) from a hold rating to a strong-buy rating in a research report released on Wednesday,Zacks.com reports.

Separately, UBS Group reissued a “neutral” rating on shares of Subsea 7 in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Subsea 7 Stock Down 0.6%

OTCMKTS:SUBCY opened at $32.40 on Wednesday. The firm has a market cap of $9.58 billion, a P/E ratio of 23.48 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 has a fifty-two week low of $13.71 and a fifty-two week high of $33.62. The firm has a 50-day simple moving average of $28.18 and a two-hundred day simple moving average of $23.11.

Subsea 7 (OTCMKTS:SUBCY) last announced its quarterly earnings results on Thursday, February 26th. The energy company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.06). Subsea 7 had a return on equity of 9.46% and a net margin of 5.76%.The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.95 billion. Analysts predict that Subsea 7 will post 0.86 earnings per share for the current fiscal year.

About Subsea 7

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.