Subsea 7 (OTCMKTS:SUBCY) Downgraded by Zacks Research to Hold

Subsea 7 (OTCMKTS:SUBCY) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Separately, UBS Group reiterated a “neutral” rating on shares of Subsea 7 in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Subsea 7 presently has an average rating of “Moderate Buy”.

Subsea 7 Trading Down 0.0%

Shares of Subsea 7 stock opened at $26.27 on Tuesday. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 27.36 and a beta of 1.13. Subsea 7 has a 52-week low of $12.15 and a 52-week high of $26.43. The company’s 50-day simple moving average is $21.95 and its 200-day simple moving average is $20.44. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.10.

Subsea 7 (OTCMKTS:SUBCY) last issued 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). Subsea 7 had a return on equity of 6.66% and a net margin of 4.08%.The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.89 billion. As a group, equities research analysts anticipate that Subsea 7 will post 0.86 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.