Subsea 7 (OTCMKTS:SUBCY) Hits New 52-Week High - Still a Buy?

Key Points

• 52-week high: Subsea 7 shares hit a new 52-week high of $31.11 on Tuesday, rising about 4.1% with roughly 35,025 shares changing hands.
• Quarterly results: Q4 EPS was $0.49, missing consensus by $0.06 while revenue of $1.96 billion was roughly in line with estimates; analysts forecast 0.86 EPS for the current year.
• Analyst stance and fundamentals: Consensus rating is "Hold" after recent downgrades (Zacks cut from strong-buy), with a $9.13 billion market cap, P/E of 22.39 and a low debt-to-equity ratio of 0.09.

Subsea 7 SA (OTCMKTS:SUBCY - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $31.11 and last traded at $31.11, with a volume of 35025 shares trading hands. The stock had previously closed at $29.67.

Analyst Ratings Changes

SUBCY has been the subject of several research analyst reports. Zacks Research cut shares of Subsea 7 from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 10th. UBS Group reaffirmed a "neutral" rating on shares of Subsea 7 in a research note on Friday, January 30th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Subsea 7 has an average rating of "Hold".

Subsea 7 Stock Up 4.1%

The company has a 50 day simple moving average of $27.03 and a two-hundred day simple moving average of $22.47. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $9.13 billion, a P/E ratio of 22.39 and a beta of 1.07.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The energy company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.06). The firm had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.95 billion. Subsea 7 had a return on equity of 9.46% and a net margin of 5.76%. 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 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.

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