Subsea 7 (OTCMKTS:SUBCY) Reaches New 52-Week High – What’s Next?

Subsea 7 SA (OTCMKTS:SUBCY)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $24.37 and last traded at $24.30, with a volume of 1654 shares changing hands. The stock had previously closed at $23.0650.

Analyst Upgrades and Downgrades

SUBCY has been the topic of a number of analyst reports. UBS Group reiterated a “neutral” rating on shares of Subsea 7 in a research report on Monday, November 24th. Zacks Research raised Subsea 7 from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Subsea 7 Stock Up 1.5%

The firm has a market cap of $7.46 billion, a PE ratio of 26.28 and a beta of 1.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.02. The company’s 50-day simple moving average is $20.48 and its two-hundred day simple moving average is $19.98.

Subsea 7 (OTCMKTS:SUBCY) last issued 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 firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.89 billion. Subsea 7 had a net margin of 4.08% and a return on equity of 6.66%. On average, analysts predict that Subsea 7 SA will post 0.86 earnings per share for the current fiscal year.

About Subsea 7

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.