Subsea 7 (OTCMKTS:SUBCY) Hits New 1-Year High – Time to Buy?

Subsea 7 SA (OTCMKTS:SUBCY) hit a new 52-week high on Tuesday . The stock traded as high as $21.64 and last traded at $21.64, with a volume of 520 shares. The stock had previously closed at $20.89.

Analysts Set New Price Targets

A number of research firms recently commented on SUBCY. Zacks Research upgraded shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. UBS Group restated a “neutral” rating on shares of Subsea 7 in a research note on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Subsea 7 has a consensus rating of “Buy”.

Subsea 7 Stock Performance

The firm has a fifty day moving average of $19.27 and a 200 day moving average of $19.60. 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 market capitalization of $6.49 billion, a price-to-earnings ratio of 22.39 and a beta of 1.14.

Subsea 7 (OTCMKTS:SUBCY) last released its quarterly earnings data 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 company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.89 billion. Subsea 7 had a return on equity of 6.66% and a net margin of 4.08%. On average, sell-side analysts anticipate that Subsea 7 SA will post 0.86 earnings per share 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.