Subsea 7 SA (OTCMKTS:SUBCY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Subsea 7 SA (OTCMKTS:SUBCY) have been assigned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company.

Several research analysts have recently issued reports on the stock. Rothschild & Co Redburn upgraded shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a report on Thursday. UBS Group upgraded Subsea 7 from an “overweight” rating to a “buy” rating in a research report on Thursday. Zacks Research cut Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Barclays downgraded Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th.

Subsea 7 Trading Down 1.2%

Shares of Subsea 7 stock opened at $34.40 on Friday. The firm has a market capitalization of $10.17 billion, a PE ratio of 20.72 and a beta of 1.08. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 0.09. The firm’s 50 day moving average is $34.59 and its 200 day moving average is $30.34. Subsea 7 has a 1 year low of $17.79 and a 1 year high of $37.66.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly earnings data 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 net margin of 6.67% and a return on equity of 11.38%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.62 billion. Equities research analysts forecast that Subsea 7 will post 2.32 earnings per share for the current fiscal 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.