Subsea 7 (SUBCY) Projected to Post Quarterly Earnings on Thursday

Subsea 7 (OTCMKTS:SUBCY) is projected to issue its results before the market opens on Thursday, February 26th. Analysts expect the company to announce earnings of $0.59 per share and revenue of $1.9524 billion for the quarter.

Subsea 7 Price Performance

OTCMKTS SUBCY opened at $26.81 on Tuesday. The company has a market cap of $7.93 billion, a PE ratio of 27.93 and a beta of 1.13. The firm’s 50 day moving average price is $23.12 and its 200-day moving average price is $20.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.02. Subsea 7 has a 52-week low of $12.15 and a 52-week high of $27.73.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Zacks Research cut Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. UBS Group reaffirmed a “neutral” rating on shares of Subsea 7 in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

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.