Subsea 7 (OTCMKTS:SUBCY) Trading 0.9% Higher

Subsea 7 SA (OTCMKTS:SUBCY)’s stock price rose 0.9% during trading on Tuesday . The company traded as high as $12.25 and last traded at $12.25, approximately 4,737 shares were traded during trading. A decline of 75% from the average daily volume of 18,934 shares. The stock had previously closed at $12.14.

A number of brokerages have recently issued reports on SUBCY. ValuEngine lowered Subsea 7 from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. Zacks Investment Research upgraded shares of Subsea 7 from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Friday, October 18th.

The company has a current ratio of 1.25, a quick ratio of 1.23 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $3.87 billion, a PE ratio of 21.43 and a beta of 1.66. The firm’s 50-day simple moving average is $11.34 and its two-hundred day simple moving average is $10.64.

Subsea 7 (OTCMKTS:SUBCY) last released its earnings results on Thursday, November 7th. The energy company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.05. The company had revenue of $950.60 million during the quarter, compared to analyst estimates of $1.02 billion. Subsea 7 had a return on equity of 1.62% and a net margin of 2.38%. As a group, research analysts expect that Subsea 7 SA will post 0.21 earnings per share for the current year.

About Subsea 7 (OTCMKTS:SUBCY)

Subsea 7 SA delivers offshore projects and services for the evolving 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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