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

Subsea 7 SA (OTCMKTS:SUBCY)’s stock price hit a new 52-week high on Thursday . The company traded as high as $27.82 and last traded at $27.82, with a volume of 3497 shares changing hands. The stock had previously closed at $27.58.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SUBCY. UBS Group reiterated a “neutral” rating on shares of Subsea 7 in a research report on Friday, January 30th. Zacks Research cut shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Subsea 7 Trading Up 0.8%

The company has a market capitalization of $8.22 billion, a price-to-earnings ratio of 28.96 and a beta of 1.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.02. The business’s 50-day simple moving average is $23.45 and its 200-day simple moving average is $20.98.

Subsea 7 (OTCMKTS:SUBCY) last announced its quarterly earnings data on Thursday, February 26th. The energy company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.10). Subsea 7 had a net margin of 4.08% and a return on equity of 6.66%. On average, research analysts expect that Subsea 7 SA will post 0.86 earnings per share 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.