Zacks Research cut shares of Subsea 7 (OTCMKTS:SUBCY – Free Report) from a strong-buy rating to a hold rating in a research note released on Tuesday,Zacks.com reports.
Separately, UBS Group restated a “neutral” rating on shares of Subsea 7 in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Report on SUBCY
Subsea 7 Stock Down 0.0%
Subsea 7 (OTCMKTS:SUBCY – Get Free Report) last posted its quarterly earnings results on Thursday, November 20th. The energy company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.89 billion. Subsea 7 had a return on equity of 6.66% and a net margin of 4.08%. As a group, research analysts anticipate that Subsea 7 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.
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