Subsea 7 (OTCMKTS:SUBCY – Get Free Report) posted its quarterly earnings results on Thursday. The energy company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.06), Zacks reports. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.95 billion. Subsea 7 had a return on equity of 6.66% and a net margin of 4.08%.
Subsea 7 Stock Performance
Subsea 7 stock opened at $27.79 on Friday. 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 company has a market capitalization of $8.22 billion, a price-to-earnings ratio of 28.95 and a beta of 1.13. Subsea 7 has a one year low of $12.15 and a one year high of $27.82. The company’s fifty day moving average price is $23.62 and its two-hundred day moving average price is $21.03.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on SUBCY. Zacks Research downgraded shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. UBS Group reiterated a “neutral” rating on shares of Subsea 7 in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.
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.
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