Shares of Subsea 7 SA (OTCMKTS:SUBCY – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $37.66, but opened at $36.05. Subsea 7 shares last traded at $36.41, with a volume of 716 shares changing hands.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on SUBCY shares. Zacks Research lowered shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Barclays lowered Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Finally, UBS Group reiterated an “overweight” rating on shares of Subsea 7 in a report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Subsea 7 presently has an average rating of “Hold”.
Get Our Latest Research Report on Subsea 7
Subsea 7 Trading Down 0.2%
Subsea 7 (OTCMKTS:SUBCY – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The energy company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.03). The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.62 billion. Subsea 7 had a return on equity of 11.38% and a net margin of 6.67%. On average, sell-side analysts expect that Subsea 7 SA will post 2.29 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.
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