Subsea 7 (OTCMKTS:SUBCY) Lowered to "Hold" Rating by Wall Street Zen

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Wednesday.

Separately, UBS Group reaffirmed 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Subsea 7 Trading Down 2.0%

Shares of OTCMKTS SUBCY traded down $0.39 during trading hours on Wednesday, reaching $19.04. The stock had a trading volume of 703 shares, compared to its average volume of 7,918. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 21.39 and a beta of 1.43. The business's fifty day moving average price is $18.76 and its two-hundred day moving average price is $16.65. Subsea 7 has a 52-week low of $12.15 and a 52-week high of $20.42.

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, beating analysts' consensus estimates of $0.34 by $0.11. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.84 billion. Subsea 7 had a return on equity of 6.12% and a net margin of 3.80%. Analysts expect that Subsea 7 will post 0.86 EPS for the current fiscal 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.