Subsea 7 SA (SUBCY) Receives Average Rating of “Hold” from Brokerages
Shares of Subsea 7 SA (OTCMKTS:SUBCY) have been given a consensus rating of “Hold” by the seven ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company.
SUBCY has been the subject of several analyst reports. Zacks Investment Research raised Subsea 7 from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Wednesday, November 7th. Citigroup raised Subsea 7 from a “neutral” rating to a “buy” rating in a report on Thursday, November 15th. ValuEngine raised Subsea 7 from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Sanford C. Bernstein raised Subsea 7 from an “underperform” rating to a “market perform” rating in a report on Monday, December 10th.
OTCMKTS SUBCY traded down $0.14 on Friday, hitting $11.14. 12,299 shares of the stock were exchanged, compared to its average volume of 21,800. The company has a quick ratio of 1.41, a current ratio of 1.44 and a debt-to-equity ratio of 0.04. Subsea 7 has a fifty-two week low of $8.90 and a fifty-two week high of $17.25. The stock has a market capitalization of $3.71 billion, a PE ratio of 8.77 and a beta of 1.51.
About Subsea 7
Subsea 7 SA operates as a seabed-to-surface engineering, construction, and services contractor to the offshore energy industry worldwide. It provides subsea field development products and services, including project management, design and engineering, procurement, fabrication, survey, installation, and commissioning of production facilities on the seabed and the tie-back of its facilities to fixed or floating platforms or to the shore.
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