Zacks Research Downgrades Subsea 7 (OTCMKTS:SUBCY) to Hold

Subsea 7 (OTCMKTS:SUBCY) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Separately, UBS Group reiterated a “neutral” rating on shares of Subsea 7 in a research note on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Subsea 7 Trading Down 0.0%

OTCMKTS:SUBCY opened at $26.27 on Tuesday. The company has a market capitalization of $7.77 billion, a PE ratio of 27.36 and a beta of 1.13. Subsea 7 has a 52-week low of $12.15 and a 52-week high of $26.43. The stock’s 50 day moving average price is $21.95 and its 200 day moving average price is $20.44. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.10.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly earnings data on Thursday, November 20th. The energy company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Subsea 7 had a net margin of 4.08% and a return on equity of 6.66%. On average, research analysts anticipate that Subsea 7 will post 0.86 EPS 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.