Subsea 7 (OTCMKTS:SUBCY) Sets New 12-Month High - Here's Why

Key Points

• Subsea 7's stock price reached a new 52-week high at $20.88 during mid-day trading, reflecting a notable increase in market interest.
• Recent analyst ratings show mixed opinions, with a downgrade from Royal Bank Of Canada to "hold," while Wall Street Zen and UBS Group maintained or upgraded their "buy" ratings.
• The company's latest earnings report revealed an EPS of $0.45, surpassing analyst estimates, though it fell short on revenue expectations with $1.76 billion compared to an anticipated $1.84 billion.

Subsea 7 SA (OTCMKTS:SUBCY - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $20.88 and last traded at $20.88, with a volume of 11105 shares. The stock had previously closed at $20.78.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SUBCY. UBS Group restated a "buy" rating on shares of Subsea 7 in a research note on Thursday, August 14th. Royal Bank Of Canada downgraded Subsea 7 from a "moderate buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Wall Street Zen upgraded Subsea 7 from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Subsea 7 currently has a consensus rating of "Moderate Buy".

Subsea 7 Trading Down 0.7%

The stock has a market cap of $6.25 billion, a PE ratio of 23.22 and a beta of 1.44. The firm has a 50-day simple moving average of $19.51 and a 200-day simple moving average of $17.10. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.12.

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 (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.11. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.84 billion. Subsea 7 had a return on equity of 6.12% and a net margin of 3.80%. Subsea 7 has set its FY 2025 guidance at EPS. Equities analysts forecast that Subsea 7 SA will post 0.86 earnings per share 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.