Subsea 7 (OTCMKTS:SUBCY) Hits New 1-Year High – Still a Buy?

Subsea 7 SA (OTCMKTS:SUBCY)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $30.96 and last traded at $30.88, with a volume of 31922 shares traded. The stock had previously closed at $29.80.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. UBS Group reiterated a “neutral” rating on shares of Subsea 7 in a research report on Friday, January 30th. Zacks Research cut shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Subsea 7 Trading Up 3.6%

The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 0.09. The company has a market cap of $9.13 billion, a PE ratio of 22.38 and a beta of 1.10. The stock has a 50 day moving average price of $26.53 and a 200 day moving average price of $22.21.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly earnings results on Thursday, February 26th. The energy company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.06). The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.95 billion. Subsea 7 had a return on equity of 9.46% and a net margin of 5.76%. Sell-side analysts predict that Subsea 7 SA will post 0.86 EPS for the current fiscal 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.