Subsea 7 (OTCMKTS:SUBCY) Sees Strong Trading Volume – Should You Buy?

Subsea 7 SA (OTCMKTS:SUBCY) shares saw unusually-strong trading volume on Monday . Approximately 12,242 shares traded hands during mid-day trading, a decline of 17% from the previous session’s volume of 14,753 shares.The stock last traded at $27.0250 and had previously closed at $27.46.

Wall Street Analysts Forecast Growth

Several research firms have commented on SUBCY. Zacks Research downgraded Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. UBS Group restated a “neutral” rating on shares of Subsea 7 in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Subsea 7 currently has an average rating of “Moderate Buy”.

Subsea 7 Price Performance

The stock has a market capitalization of $7.92 billion, a P/E ratio of 27.92 and a beta of 1.13. The business’s 50 day simple moving average is $22.97 and its two-hundred day simple moving average is $20.83. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.10.

Subsea 7 (OTCMKTS:SUBCY) last posted its earnings results on Thursday, November 20th. The energy company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). Subsea 7 had a return on equity of 6.66% and a net margin of 4.08%.The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.89 billion. As a group, sell-side analysts forecast that Subsea 7 SA will post 0.86 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.