Subsea 7 (OTCMKTS:SUBCY – Get Free Report) released its earnings results on Thursday. The energy company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.21, Zacks reports. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Subsea 7 had a return on equity of 11.38% and a net margin of 6.67%.
Subsea 7 Price Performance
Shares of OTCMKTS:SUBCY opened at $32.38 on Friday. 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 firm has a market cap of $9.57 billion, a price-to-earnings ratio of 19.51 and a beta of 1.08. The business has a 50-day simple moving average of $34.19 and a two-hundred day simple moving average of $30.75. Subsea 7 has a fifty-two week low of $17.79 and a fifty-two week high of $37.66.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the stock. Barclays lowered 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. UBS Group raised shares of Subsea 7 from an “overweight” rating to a “buy” rating in a research note on Thursday, July 23rd. Finally, Zacks Research lowered shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.
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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