Subsea 7 (OTCMKTS:SUBCY) Shares Gap Down – Time to Sell?

Subsea 7 SA (OTCMKTS:SUBCY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $35.08, but opened at $33.4570. Subsea 7 shares last traded at $33.5966, with a volume of 1,623 shares trading hands.

Analysts Set New Price Targets

A number of research firms have weighed in on SUBCY. Zacks Research downgraded Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 14th. UBS Group reiterated an “overweight” rating on shares of Subsea 7 in a report on Monday, May 11th. Finally, Barclays lowered shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Subsea 7 Stock Down 4.0%

The firm has a fifty day moving average of $34.54 and a 200-day moving average of $28.37. 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 firm has a market cap of $9.64 billion, a P/E ratio of 19.65 and a beta of 1.08.

Subsea 7 (OTCMKTS:SUBCY) last posted its quarterly earnings results on Thursday, April 30th. The energy company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.62 billion. Subsea 7 had a net margin of 6.67% and a return on equity of 11.38%. On average, equities research analysts anticipate that Subsea 7 SA will post 2.29 earnings per share 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.