Subsea 7 (OTCMKTS:SUBCY) Sees Unusually-High Trading Volume - Here's Why

Key Points

• Subsea 7 saw a 67% increase in trading volume on Monday, with approximately 15,233 shares changing hands, closing at $21.25.
• Wall Street analysts have mixed opinions on Subsea 7, with one upgrading it to a buy rating, while another downgraded it to hold, resulting in an average rating of "Moderate Buy."
• The company posted an earnings per share (EPS) of $0.45 for the last quarter, exceeding analyst expectations, although revenue was slightly below forecasts at $1.76 billion.

Subsea 7 SA (OTCMKTS:SUBCY - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 15,233 shares traded hands during mid-day trading, an increase of 67% from the previous session's volume of 9,115 shares.The stock last traded at $21.25 and had previously closed at $21.05.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SUBCY shares. Wall Street Zen upgraded Subsea 7 from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. UBS Group reiterated a "buy" rating on shares of Subsea 7 in a research note on Thursday, August 14th. Finally, Royal Bank Of Canada downgraded Subsea 7 from a "moderate buy" rating to a "hold" rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Subsea 7 Trading Up 1.2%

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 business's 50 day simple moving average is $20.08 and its 200 day simple moving average is $17.92. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 23.93 and a beta of 1.40.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last announced its 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 company had revenue of $1.76 billion during the quarter, compared to analysts' expectations of $1.84 billion. Subsea 7 had a net margin of 3.80% and a return on equity of 6.12%. Subsea 7 has set its FY 2025 guidance at EPS. On average, research analysts expect that Subsea 7 SA will post 0.86 EPS 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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