Shares of Subsea 7 SA (OTCMKTS:SUBCY - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 46,603 shares were traded during trading, an increase of 520% from the previous session's volume of 7,517 shares.The stock last traded at $19.40 and had previously closed at $19.13.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on SUBCY shares. UBS Group reiterated a "buy" rating on shares of Subsea 7 in a research report on Thursday. Wall Street Zen raised Subsea 7 from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Finally, Royal Bank Of Canada lowered Subsea 7 from a "moderate buy" rating to a "hold" rating in a research note on Friday, August 1st. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Subsea 7 currently has a consensus rating of "Moderate Buy".
Check Out Our Latest Report on SUBCY
Subsea 7 Price Performance
The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average price of $19.16 and a two-hundred day moving average price of $16.79. The stock has a market capitalization of $5.85 billion, a P/E ratio of 21.75 and a beta of 1.43.
Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The energy company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.34 by $0.11. Subsea 7 had a return on equity of 6.12% and a net margin of 3.80%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.84 billion. On average, analysts expect that Subsea 7 SA will post 0.86 EPS for the current 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.
Further Reading
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