Subsea 7 (OTCMKTS:SUBCY) Shares Gap Down – Here’s What Happened

Subsea 7 SA (OTCMKTS:SUBCY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $28.8750, but opened at $25.18. Subsea 7 shares last traded at $25.08, with a volume of 3,342 shares traded.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SUBCY shares. UBS Group reiterated a “neutral” rating on shares of Subsea 7 in a research note on Friday, January 30th. Zacks Research lowered Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Subsea 7 Stock Performance

The firm’s 50 day simple moving average is $23.95 and its 200-day simple moving average is $21.18. The company has a market cap of $7.48 billion, a price-to-earnings ratio of 18.34 and a beta of 1.10. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.02.

Subsea 7 (OTCMKTS:SUBCY) last announced its quarterly earnings data on Thursday, February 26th. The energy company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.06). The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Subsea 7 had a net margin of 5.76% and a return on equity of 9.55%. On average, sell-side analysts predict that Subsea 7 SA 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.