Subsea 7 (OTCMKTS:SUBCY) Sets New 12-Month High – Still a Buy?

Subsea 7 SA (OTCMKTS:SUBCY) shares hit a new 52-week high on Tuesday . The stock traded as high as $21.92 and last traded at $21.92, with a volume of 536 shares traded. The stock had previously closed at $20.95.

Analyst Upgrades and Downgrades

SUBCY has been the subject of a number of recent research reports. Zacks Research raised 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 research 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, the stock has an average rating of “Buy”.

Subsea 7 Stock Performance

The business has a 50-day moving average price of $19.52 and a 200-day moving average price of $19.70. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 22.70 and a beta of 1.14.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly earnings results on Thursday, November 20th. The energy company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). Subsea 7 had a net margin of 4.08% and a return on equity of 6.66%. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.89 billion. As a group, sell-side analysts forecast that Subsea 7 SA 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.