Subsea 7 (OTCMKTS:SUBCY) Sees Strong Trading Volume – Time to Buy?

Subsea 7 SA (OTCMKTS:SUBCY) shares saw unusually-high trading volume on Monday . Approximately 12,242 shares changed hands during trading, a decline of 17% from the previous session’s volume of 14,753 shares.The stock last traded at $27.0250 and had previously closed at $27.46.

Analyst Ratings Changes

A number of research firms have weighed in on SUBCY. Zacks Research downgraded Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. UBS Group reaffirmed a “neutral” rating on shares of Subsea 7 in a research report on Friday, January 30th. One 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, the stock has an average rating of “Moderate Buy”.

Subsea 7 Stock Down 2.5%

The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 27.92 and a beta of 1.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.00. The stock has a 50-day moving average of $22.97 and a 200-day moving average of $20.83.

Subsea 7 (OTCMKTS:SUBCY) last released its earnings results on Thursday, November 20th. The energy company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.07). The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.89 billion. Subsea 7 had a net margin of 4.08% and a return on equity of 6.66%. 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.