Subsea 7 (OTCMKTS:SUBCY) Sets New 52-Week High - Here's Why

Key Points

• 52-week high: Subsea 7's stock reached a new 52-week high of $35.84, last trading at $34.80 on a volume of 80,912 shares, signaling recent upward momentum.
• Mixed analyst sentiment: Broker views vary—UBS cut to "sell," Barclays down to "hold," Zacks upgraded to "strong-buy"—and the consensus rating from four analysts is a Hold (1 Strong Buy, 2 Hold, 1 Sell).
• Fundamentals and outlook: The company missed quarterly EPS ($0.49 vs. $0.55 est.) while revenue was roughly inline at $1.96B; Subsea 7 has a market cap of $10.29B, low debt-to-equity (0.09), a P/E of 25.22, and analysts forecast ~2.13 EPS for the fiscal year.

Subsea 7 SA (OTCMKTS:SUBCY - Get Free Report)'s share price hit a new 52-week high on Wednesday . The stock traded as high as $35.84 and last traded at $34.80, with a volume of 80912 shares. The stock had previously closed at $34.44.

Wall Street Analysts Forecast Growth

SUBCY has been the topic of several analyst reports. UBS Group cut shares of Subsea 7 from a "neutral" rating to a "sell" rating in a research note on Thursday, April 23rd. Zacks Research raised shares of Subsea 7 from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 15th. Finally, Barclays cut shares of Subsea 7 from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold".

Subsea 7 Stock Up 1.0%

The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 0.09. The firm has a market cap of $10.29 billion, a P/E ratio of 25.22 and a beta of 1.07. The stock's 50-day simple moving average is $29.25 and its 200 day simple moving average is $23.83.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last issued its quarterly earnings results 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 for 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%. As a group, research analysts forecast that Subsea 7 SA will post 2.13 EPS 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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