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

Shares of Subsea 7 SA (OTCMKTS:SUBCY) gapped down before the market opened on Friday . The stock had previously closed at $35.74, but opened at $34.30. Subsea 7 shares last traded at $34.23, with a volume of 1,124 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SUBCY shares. Zacks Research lowered Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Barclays downgraded Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, UBS Group reissued a “neutral” rating on shares of Subsea 7 in a report on Tuesday, June 30th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Subsea 7 Price Performance

The stock has a market capitalization of $10.14 billion, a PE ratio of 20.66 and a beta of 1.08. The stock’s 50 day moving average is $34.82 and its two-hundred day moving average is $29.39. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.09 and a current ratio of 1.11.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly earnings results on Thursday, April 30th. The energy company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03). Subsea 7 had a return on equity of 11.38% and a net margin of 6.67%.The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.62 billion. On average, equities analysts anticipate that Subsea 7 SA will post 2.29 EPS 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.