Subsea 7 (OTCMKTS:SUBCY) Reaches New 52-Week High – Here’s Why

Subsea 7 SA (OTCMKTS:SUBCY)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $27.00 and last traded at $26.62, with a volume of 5295 shares changing hands. The stock had previously closed at $26.47.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SUBCY. Zacks Research lowered shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. UBS Group reissued a “neutral” rating on shares of Subsea 7 in a research report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Subsea 7 Price Performance

The firm has a fifty day moving average of $22.35 and a two-hundred day moving average of $20.59. The stock has a market capitalization of $7.96 billion, a P/E ratio of 28.06 and a beta of 1.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.00.

Subsea 7 (OTCMKTS:SUBCY) last posted its earnings results on Thursday, November 20th. The energy company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). Subsea 7 had a net margin of 4.08% and a return on equity of 6.66%. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.89 billion. On average, analysts predict that Subsea 7 SA will post 0.86 EPS for the current 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.