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

Key Points

• Unusually high trading volume: 78,077 shares changed hands Wednesday, a 250% increase from the prior session, with the stock last trading at $31.65 versus the prior close of $30.50.
• Analyst sentiment is cautious: Zacks downgraded Subsea 7 from "strong-buy" to "hold," UBS remains "neutral," and the consensus rating on MarketBeat is currently "Hold."
• Mixed quarterly results but solid fundamentals: Q1 EPS of $0.49 missed estimates of $0.55 while revenue of $1.96B roughly matched expectations; the company has a $9.32B market cap, P/E of 22.86, low debt (D/E 0.09) and the share price sits above both its 50- and 200-day averages.

Shares of Subsea 7 SA (OTCMKTS:SUBCY - Get Free Report) saw an uptick in trading volume on Wednesday . 78,077 shares changed hands during trading, an increase of 250% from the previous session's volume of 22,282 shares.The stock last traded at $31.65 and had previously closed at $30.50.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Zacks Research lowered Subsea 7 from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 10th. UBS Group reiterated a "neutral" rating on shares of Subsea 7 in a research report on Friday, January 30th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Subsea 7 presently has a consensus rating of "Hold".

Subsea 7 Price Performance

The stock has a market capitalization of $9.32 billion, a P/E ratio of 22.86 and a beta of 1.07. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.09 and a current ratio of 1.11. The stock has a 50-day simple moving average of $27.15 and a 200 day simple moving average of $22.55.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The energy company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.06). The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.95 billion. Subsea 7 had a net margin of 5.76% and a return on equity of 9.46%. On average, equities analysts forecast that Subsea 7 SA will post 0.86 earnings per share for the current fiscal year.

About Subsea 7

Subsea 7 SA is a global engineering, construction and services contractor serving the offshore energy industry. The company specializes in complex subsea infrastructure projects, offering pipeline and riser installation, umbilical and flowline deployment, and subsea tie-ins. Its fleet of specialized vessels, diving systems and remotely operated vehicles (ROVs) supports installation, inspection, maintenance and repair activities across the life cycle of offshore oil, gas and renewable energy fields.

With roots tracing back to the merger of Subsea 7 Inc and Acergy SA in 2011, Subsea 7 has built a broad international footprint.

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