Subsea 7 (SUBCY) Projected to Post Earnings on Thursday

Subsea 7 (OTCMKTS:SUBCY) is expected to be announcing its results before the market opens on Thursday, November 20th. Analysts expect the company to announce earnings of $0.45 per share and revenue of $1.8899 billion for the quarter.

Subsea 7 Stock Performance

Shares of OTCMKTS SUBCY opened at $18.60 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12. The stock has a 50 day simple moving average of $19.67 and a 200-day simple moving average of $18.99. The company has a market cap of $5.62 billion, a PE ratio of 20.90 and a beta of 1.38. Subsea 7 has a 12-month low of $12.15 and a 12-month high of $21.44.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SUBCY shares. Wall Street Zen upgraded Subsea 7 from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. Royal Bank Of Canada lowered Subsea 7 from a “moderate buy” rating to a “hold” rating in a report on Friday, August 1st. Finally, UBS Group reissued a “buy” rating on shares of Subsea 7 in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

About Subsea 7

Subsea 7 SA delivers offshore projects and services for the energy industry worldwide. It provides subsea field development products and services, including project management, design and engineering, procurement, fabrication, survey, installation, and commissioning of production facilities on the seabed and the tie-back of its facilities to fixed or floating platforms or to the shore.