Subsea 7 (OTCMKTS:SUBCY) Sees Strong Trading Volume - Time to Buy?

Key Points

• Subsea 7 shares experienced a 27% increase in trading volume on Monday, with approximately 9,659 shares traded, compared to 7,616 shares in the previous session.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Subsea 7, with one issuing a Strong Buy rating and others providing Buy and Hold ratings.
• In its latest earnings report, Subsea 7 beat expectations with $0.45 earnings per share, exceeding the consensus estimate of $0.34, although revenue fell short of projections.

Shares of Subsea 7 SA (OTCMKTS:SUBCY - Get Free Report) saw unusually-high trading volume on Monday . Approximately 9,659 shares were traded during mid-day trading, an increase of 27% from the previous session's volume of 7,616 shares.The stock last traded at $21.35 and had previously closed at $20.96.

Wall Street Analysts Forecast Growth

SUBCY has been the topic of several research reports. UBS Group restated a "buy" rating on shares of Subsea 7 in a research note on Thursday, August 14th. Royal Bank Of Canada lowered 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 analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

Subsea 7 Stock Performance

The stock has a market cap of $6.41 billion, a P/E ratio of 23.84 and a beta of 1.44. The company has a 50 day simple moving average of $19.99 and a 200-day simple moving average of $17.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.04 and a quick ratio of 1.02.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last issued its earnings results on Thursday, July 31st. The energy company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.11. The company had revenue of $1.76 billion during the quarter, compared to analysts' expectations 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. On average, equities analysts expect that Subsea 7 SA will post 0.86 earnings per share for the current fiscal year.

Subsea 7 Company Profile

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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