Subsea 7 (OTCMKTS:SUBCY) Hits New 12-Month High – Here’s What Happened

Subsea 7 SA (OTCMKTS:SUBCY) shares hit a new 52-week high on Monday . The stock traded as high as $26.06 and last traded at $26.03, with a volume of 3034 shares trading hands. The stock had previously closed at $24.73.

Analysts Set New Price Targets

SUBCY has been the topic of a number of research reports. UBS Group reissued a “neutral” rating on shares of Subsea 7 in a research report on Friday, January 30th. Zacks Research raised shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy”.

Subsea 7 Price Performance

The firm has a market cap of $7.74 billion, a price-to-earnings ratio of 27.29 and a beta of 1.13. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. The company’s 50-day moving average price is $21.51 and its 200-day moving average price is $20.31.

Subsea 7 (OTCMKTS:SUBCY) last released its quarterly earnings data on Thursday, November 20th. The energy company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Subsea 7 had a return on equity of 6.66% and a net margin of 4.08%. On average, equities research analysts forecast 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.