Subsea 7 (OTCMKTS:SUBCY) Shares Gap Up – Time to Buy?

Shares of Subsea 7 SA (OTCMKTS:SUBCY) gapped up prior to trading on Tuesday . The stock had previously closed at $32.62, but opened at $34.25. Subsea 7 shares last traded at $34.25, with a volume of 332 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on SUBCY shares. Barclays cut shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Zacks Research cut Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, UBS Group reiterated a “neutral” rating on shares of Subsea 7 in a report on Tuesday. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Subsea 7 Stock Performance

The company has a market capitalization of $10.16 billion, a PE ratio of 20.70 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’s fifty day simple moving average is $34.66 and its 200-day simple moving average is $28.74.

Subsea 7 (OTCMKTS:SUBCY) last released its quarterly earnings results on Thursday, April 30th. The energy company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.03). The firm had revenue of $1.79 billion for 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 predict that Subsea 7 SA will post 2.29 earnings per share for the current 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.