Subsea 7 (OTCMKTS:SUBCY) Upgraded by Rothschild & Co Redburn to “Strong-Buy” Rating

Rothschild & Co Redburn upgraded shares of Subsea 7 (OTCMKTS:SUBCY) from a hold rating to a strong-buy rating in a research note released on Thursday,Zacks.com reports.

A number of other equities analysts have also weighed in on the company. UBS Group upgraded Subsea 7 from an “overweight” rating to a “buy” rating in a research report on Thursday. Zacks Research downgraded Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Barclays lowered shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Subsea 7 has a consensus rating of “Moderate Buy”.

Subsea 7 Price Performance

Shares of OTCMKTS:SUBCY opened at $34.40 on Thursday. The company has a market capitalization of $10.17 billion, a PE ratio of 20.72 and a beta of 1.08. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.09 and a current ratio of 1.11. The stock has a fifty day moving average of $34.59 and a 200-day moving average of $30.34. Subsea 7 has a one year low of $17.79 and a one year high of $37.66.

Subsea 7 (OTCMKTS:SUBCY) last issued its earnings results on Thursday, April 30th. The energy company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.62 billion. Subsea 7 had a return on equity of 11.38% and a net margin of 6.67%. As a group, equities analysts anticipate that Subsea 7 will post 2.32 EPS 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.