Subsea 7 (OTCMKTS:SUBCY) Shares Gap Down – What’s Next?

Subsea 7 SA (OTCMKTS:SUBCY) shares gapped down before the market opened on Tuesday . The stock had previously closed at $28.8750, but opened at $25.18. Subsea 7 shares last traded at $25.08, with a volume of 3,342 shares.

Wall Street Analysts Forecast Growth

SUBCY has been the topic of a number of recent analyst reports. Zacks Research downgraded Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. UBS Group reissued a “neutral” rating on shares of Subsea 7 in a research report on Friday, January 30th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Subsea 7 presently has a consensus rating of “Hold”.

Subsea 7 Stock Performance

The stock has a market cap of $7.78 billion, a P/E ratio of 19.08 and a beta of 1.10. The firm has a 50 day moving average of $24.17 and a two-hundred day moving average of $21.26. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.02.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly earnings results on Thursday, February 26th. The energy company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.06). 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. On average, research 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.