Subsea 7 (OTCMKTS:SUBCY) Sets New 52-Week High – Should You Buy?

Subsea 7 SA (OTCMKTS:SUBCY)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $27.82 and last traded at $27.82, with a volume of 3497 shares changing hands. The stock had previously closed at $27.58.

Wall Street Analyst Weigh In

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

Subsea 7 Stock Performance

The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of 28.96 and a beta of 1.13. The stock has a fifty day moving average price of $23.45 and a 200-day moving average price of $20.98.

Subsea 7 (OTCMKTS:SUBCY) last released its quarterly earnings data on Thursday, February 26th. The energy company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.10). Subsea 7 had a return on equity of 6.66% and a net margin of 4.08%. As a group, analysts anticipate that Subsea 7 SA will post 0.86 earnings per share for the current fiscal 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.