Subsea 7 (OTCMKTS:SUBCY – Get Free Report) issued its quarterly earnings data on Thursday. The energy company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.06), Zacks reports. Subsea 7 had a return on equity of 9.55% and a net margin of 5.76%.The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.95 billion.
Subsea 7 Stock Up 3.9%
SUBCY opened at $28.88 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.02. The company has a market capitalization of $8.54 billion, a PE ratio of 20.92 and a beta of 1.13. The stock’s fifty day moving average is $23.81 and its 200-day moving average is $21.09. Subsea 7 has a one year low of $12.15 and a one year high of $28.88.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. UBS Group reissued a “neutral” rating on shares of Subsea 7 in a research note on Friday, January 30th. Zacks Research downgraded shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Subsea 7 currently 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.
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