Subsea 7 (OTCMKTS:SUBCY - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Wednesday.
Separately, UBS Group reiterated an "outperform" rating on shares of Subsea 7 in a report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy".
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Subsea 7 Stock Down 2.0%
SUBCY traded down $0.39 on Wednesday, reaching $19.04. The company's stock had a trading volume of 703 shares, compared to its average volume of 7,089. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.04 and a quick ratio of 1.02. The business's 50 day moving average is $18.70 and its 200 day moving average is $16.64. Subsea 7 has a 1 year low of $12.15 and a 1 year high of $20.42. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 29.75 and a beta of 1.45.
Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last announced its quarterly 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. Subsea 7 had a return on equity of 4.47% and a net margin of 2.78%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.84 billion. As a group, research analysts forecast that Subsea 7 will post 0.86 EPS for the current fiscal year.
Subsea 7 Company Profile
(
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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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