Subsea 7 (OTCMKTS:SUBCY) Reaches New 12-Month Low – Here’s What Happened

Subsea 7 S.A. (OTCMKTS:SUBCY) shares hit a new 52-week low on Friday . The stock traded as low as $12.93 and last traded at $12.93, with a volume of 8114 shares. The stock had previously closed at $15.00.

Analysts Set New Price Targets

Separately, Barclays upgraded Subsea 7 from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th.

Subsea 7 Stock Performance

The stock’s 50 day moving average price is $15.85 and its 200 day moving average price is $16.15. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16. The firm has a market cap of $3.91 billion, a PE ratio of 64.65 and a beta of 1.70.

Subsea 7 (OTCMKTS:SUBCY) last announced its earnings results on Thursday, February 27th. The energy company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.15). Subsea 7 had a net margin of 1.63% and a return on equity of 2.37%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.81 billion. As a group, equities analysts forecast that Subsea 7 S.A. will post 0.86 earnings per share for the current fiscal year.

Subsea 7 Company Profile

Subsea 7 SA delivers offshore projects and services for the 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.