Subsea 7 (OTCMKTS:SUBCY) Upgraded by Zacks Research to Strong-Buy Rating

Subsea 7 (OTCMKTS:SUBCY) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Separately, UBS Group reiterated a “neutral” rating on shares of Subsea 7 in a report on Monday, November 24th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Subsea 7 currently has an average rating of “Buy”.

Subsea 7 Stock Up 1.7%

Shares of Subsea 7 stock opened at $20.22 on Monday. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 21.06 and a beta of 1.15. The stock has a 50-day simple moving average of $19.17 and a 200-day simple moving average of $19.56. Subsea 7 has a 52-week low of $12.15 and a 52-week high of $21.44. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.00.

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 analysts’ consensus estimates of $0.45 by ($0.07). The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.89 billion. Subsea 7 had a return on equity of 6.66% and a net margin of 4.08%. On average, equities research analysts expect that Subsea 7 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.