Subsea 7 (OTCMKTS:SUBCY) Shares Gap Down – What’s Next?

Subsea 7 SA (OTCMKTS:SUBCY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $27.23, but opened at $25.9425. Subsea 7 shares last traded at $25.7440, with a volume of 1,914 shares trading hands.

Analyst Ratings Changes

Several brokerages have commented on SUBCY. UBS Group reissued a “neutral” rating on shares of Subsea 7 in a research note on Friday, January 30th. Zacks Research cut shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Subsea 7 Stock Down 3.8%

The stock has a market capitalization of $7.64 billion, a price-to-earnings ratio of 18.73 and a beta of 1.10. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average price of $24.80 and a 200 day moving average price of $21.49.

Subsea 7 (OTCMKTS:SUBCY) last posted its earnings results on Thursday, February 26th. The energy company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.06). Subsea 7 had a return on equity of 9.46% and a net margin of 5.76%.The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.95 billion. As a group, analysts forecast that Subsea 7 SA 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.