Subsea 7 (OTCMKTS:SUBCY) Sets New 1-Year High – Still a Buy?

Subsea 7 SA (OTCMKTS:SUBCY) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $27.00 and last traded at $26.62, with a volume of 5295 shares trading hands. The stock had previously closed at $26.47.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SUBCY. Zacks Research cut shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. UBS Group restated a “neutral” rating on shares of Subsea 7 in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Subsea 7 Trading Up 1.8%

The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 28.06 and a beta of 1.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.00. The company’s fifty day moving average price is $22.35 and its 200-day moving average price is $20.59.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly 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 net margin of 4.08% and a return on equity of 6.66%. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.89 billion. On average, research analysts expect that Subsea 7 SA will post 0.86 EPS 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.