Subsea 7 (OTCMKTS:SUBCY) Hits New 12-Month High - What's Next?

Key Points

• Subsea 7's share price reached a new 52-week high of $20.90, with a significant trading volume of 800 shares.
• The company reported $0.45 earnings per share for the last quarter, exceeding analysts' expectations of $0.34, although revenue fell short at $1.76 billion against an estimate of $1.84 billion.
• Analysts have given Subsea 7 a consensus rating of "Moderate Buy," with one strong buy, one buy, and two hold ratings noted in recent reports.

Subsea 7 SA (OTCMKTS:SUBCY - Get Free Report)'s share price reached a new 52-week high on Friday . The company traded as high as $20.90 and last traded at $20.90, with a volume of 800 shares traded. The stock had previously closed at $20.62.

Analyst Upgrades and Downgrades

SUBCY has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Subsea 7 from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Royal Bank Of Canada lowered shares of Subsea 7 from a "moderate buy" rating to a "hold" rating in a research report on Friday, August 1st. Finally, UBS Group reaffirmed a "buy" rating on shares of Subsea 7 in a research report on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Subsea 7 Stock Performance

The firm has a market cap of $6.33 billion, a P/E ratio of 23.53 and a beta of 1.44. The stock's 50 day moving average is $19.96 and its two-hundred day moving average is $17.66. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.04 and a quick ratio of 1.02.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last posted its earnings results on Thursday, July 31st. The energy company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.11. The business had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.84 billion. Subsea 7 had a net margin of 3.80% and a return on equity of 6.12%. Subsea 7 has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Subsea 7 SA will post 0.86 EPS for the current year.

About Subsea 7

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.

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