Subsea 7 SA (NASDAQ:SUBCY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

According to Zacks, “Subsea 7 S.A., formerly known as Acergy S.A., operates as an engineering, construction and services contractor to the offshore energy industry worldwide. The Company is engaged in the design, fabrication, installation and commissioning of seabed-to-surface projects and its scope of operations include Subsea, Umbilical, Riser and Flowline (SURF) systems; Life-of-Field; Conventional Services and Renewables. Services offered by the Company ranges from engineering and construction for subsea field developments, pipeline and riser systems and associated services, inspection, maintenance and repair, integrity management and remote intervention, fabrication and installation of fixed platforms and associated pipelines, as well as hook-up and platform refurbishment. Subsea 7 S.A. is based in London, United Kingdom. “

Shares of Subsea 7 SA (NASDAQ SUBCY) opened at 16.43 on Tuesday. Subsea 7 SA has a one year low of $10.63 and a one year high of $17.00. The company has a market capitalization of $5.35 billion and a PE ratio of 12.73. The company has a 50-day moving average of $14.86 and a 200-day moving average of $14.88.

Subsea 7 SA (NASDAQ:SUBCY) last announced its earnings results on Wednesday, July 26th. The energy company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.16. Subsea 7 SA had a net margin of 14.26% and a return on equity of 10.37%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $936.00 million. On average, analysts anticipate that Subsea 7 SA will post $0.75 earnings per share for the current year.

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Subsea 7 SA Company Profile

Subsea 7 SA is a provider of seabed-to-surface engineering, construction and services contractor to the offshore energy industry. The Company’s segments include SURF and Conventional, i-Tech Services and Corporate. The SURF and Conventional segment includes Subsea Umbilicals, Risers and Flowlines (SURF) activities related to the engineering, procurement, construction (EPC) and installation of systems offshore, including the long-term Pipelay Support Vessel (PLSV) contracts in Brazil, and conventional services, including the fabrication, installation, extension and refurbishment of fixed and floating platforms and associated pipelines in shallow water environments.

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