Subsea 7 (OTCMKTS:SUBCY) Trading Up 3.9% – Here’s What Happened

Subsea 7 SA (OTCMKTS:SUBCY) was up 3.9% during mid-day trading on Monday . The stock traded as high as $36.85 and last traded at $36.8405. 1,352 shares traded hands during trading, a decline of 95% from the average daily volume of 25,855 shares. The stock had previously closed at $35.47.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SUBCY. Rothschild & Co Redburn raised Subsea 7 from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. UBS Group reiterated a “buy” rating on shares of Subsea 7 in a research report on Wednesday, August 5th. Finally, Zacks Research cut Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Subsea 7 Stock Performance

The stock has a market cap of $10.85 billion, a price-to-earnings ratio of 17.82 and a beta of 1.10. The company’s 50 day simple moving average is $34.61 and its 200 day simple moving average is $32.48. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.02 and a current ratio of 1.04.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly earnings results on Thursday, July 30th. The energy company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.21. Subsea 7 had a net margin of 8.15% and a return on equity of 13.89%. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.91 billion. On average, equities research analysts anticipate that Subsea 7 SA will post 2.66 earnings per share 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.