Subsea 7 (OTCMKTS:SUBCY) Sees Large Volume Increase – Time to Buy?

by · The Markets Daily

Subsea 7 SA (OTCMKTS:SUBCY – Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 16,953 shares traded hands during trading, an increase of 104% from the previous session’s volume of 8,314 shares.The stock last traded at $23.07 and had previously closed at $22.86.

Analyst Upgrades and Downgrades

SUBCY has been the topic of a number of recent analyst reports. Zacks Research raised shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. UBS Group restated a “neutral” rating on shares of Subsea 7 in a report on Monday, November 24th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Get Our Latest Stock Report on SUBCY

Subsea 7 Stock Up 5.0%

The business’s fifty day moving average is $20.25 and its two-hundred day moving average is $19.90. The stock has a market cap of $7.16 billion, a price-to-earnings ratio of 25.22 and a beta of 1.14. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.10.

Subsea 7 (OTCMKTS:SUBCY – Get Free Report) last released its earnings results on Thursday, November 20th. The energy company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). The business had revenue of $1.84 billion for 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%. Equities analysts forecast that Subsea 7 SA will post 0.86 earnings per share for the current fiscal year.

Subsea 7 Company Profile

(Get Free Report)

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.

Featured Articles