Subsea 7 (OTCMKTS:SUBCY) Posts Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Subsea 7 (OTCMKTS:SUBCY) released its quarterly earnings results on Thursday. The energy company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.21, Zacks reports. Subsea 7 had a return on equity of 11.38% and a net margin of 6.67%.

Subsea 7 Price Performance

SUBCY stock traded up $1.01 during trading on Thursday, hitting $32.38. The stock had a trading volume of 9,215 shares, compared to its average volume of 27,321. The stock has a market cap of $9.57 billion, a price-to-earnings ratio of 19.51 and a beta of 1.08. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.09 and a current ratio of 1.11. The company’s 50 day moving average price is $34.23 and its two-hundred day moving average price is $30.67. Subsea 7 has a 1-year low of $17.79 and a 1-year high of $37.66.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SUBCY. Zacks Research downgraded shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Rothschild & Co Redburn raised shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 23rd. UBS Group upgraded shares of Subsea 7 from an “overweight” rating to a “buy” rating in a research report on Thursday, July 23rd. Finally, Barclays cut shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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.