Subsea 7 (OTCMKTS:SUBCY) Shares Gap Up – What’s Next?

Subsea 7 SA (OTCMKTS:SUBCY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $21.1645, but opened at $21.92. Subsea 7 shares last traded at $21.9750, with a volume of 4,486 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SUBCY shares. Zacks Research upgraded shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. UBS Group restated a “neutral” rating on shares of Subsea 7 in a report on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Subsea 7 currently has a consensus rating of “Buy”.

Subsea 7 Price Performance

The company has a 50 day simple moving average of $19.76 and a 200 day simple moving average of $19.75. The company has a market capitalization of $6.70 billion, a price-to-earnings ratio of 23.08 and a beta of 1.14. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.10.

Subsea 7 (OTCMKTS:SUBCY) last issued its earnings results on Thursday, November 20th. The energy company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). Subsea 7 had a return on equity of 6.66% and a net margin of 4.08%.The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.89 billion. As a group, research analysts predict that Subsea 7 SA will post 0.86 EPS for the current 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.