Subsea 7 (OTCMKTS:SUBCY) Shares Gap Up – Should You Buy?

Subsea 7 SA (OTCMKTS:SUBCY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $32.62, but opened at $34.25. Subsea 7 shares last traded at $34.25, with a volume of 332 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Zacks Research cut shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. UBS Group reiterated an “overweight” rating on shares of Subsea 7 in a research report on Monday, May 11th. Finally, Barclays downgraded Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Subsea 7 has an average rating of “Hold”.

Subsea 7 Stock Performance

The stock has a market cap of $10.14 billion, a price-to-earnings ratio of 20.66 and a beta of 1.08. The stock’s fifty day moving average is $34.55 and its 200-day moving average is $28.53. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 0.09.

Subsea 7 (OTCMKTS:SUBCY) last announced 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 firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.62 billion. Subsea 7 had a return on equity of 11.38% and a net margin of 6.67%. On average, analysts forecast that Subsea 7 SA will post 2.29 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.