Subsea 7 (OTCMKTS:SUBCY) Shares Gap Up – Should You Buy?

Subsea 7 SA (OTCMKTS:SUBCY) gapped up before the market opened on Tuesday . The stock had previously closed at $32.62, but opened at $34.25. Subsea 7 shares last traded at $34.25, with a volume of 332 shares.

Analyst Upgrades and Downgrades

SUBCY has been the topic of a number of research reports. Barclays lowered shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Zacks Research lowered shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, UBS Group reaffirmed an “overweight” rating on shares of Subsea 7 in a research report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold”.

Subsea 7 Stock Performance

The firm has a market cap of $10.14 billion, a price-to-earnings ratio of 20.66 and a beta of 1.08. The stock has a 50-day moving average of $34.55 and a 200-day moving average of $28.53. 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 (OTCMKTS:SUBCY) last released its quarterly earnings results on Thursday, April 30th. The energy company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.62 billion. Subsea 7 had a return on equity of 11.38% and a net margin of 6.67%. As a group, analysts anticipate that Subsea 7 SA will post 2.29 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.