Subsea 7 (OTCMKTS:SUBCY) Sets New 52-Week High - Time to Buy?

Key Points

• Subsea 7 hit a new 52-week high of $28.95, trading at that level on Thursday; the stock’s 50‑day SMA is $25.93 and 200‑day SMA is $21.93, with a market cap of $8.53 billion and a P/E of 20.91.
• Analysts’ consensus remains an average "Hold" rating after recent coverage (UBS reiterated neutral and Zacks cut the stock from strong‑buy to hold).
• In the latest quarter Subsea 7 posted EPS of $0.49 (missing the $0.55 estimate) while revenue of $1.96 billion slightly beat expectations; the company reported a ROE of 9.46% and a net margin of 5.76%.

Subsea 7 SA (OTCMKTS:SUBCY - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $28.95 and last traded at $28.95, with a volume of 1556 shares. The stock had previously closed at $28.03.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. UBS Group restated a "neutral" rating on shares of Subsea 7 in a research report on Friday, January 30th. Zacks Research lowered shares of Subsea 7 from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 10th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold".

Subsea 7 Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.11 and a quick ratio of 1.09. The company has a 50 day simple moving average of $25.93 and a 200-day simple moving average of $21.93. The stock has a market capitalization of $8.53 billion, a P/E ratio of 20.91 and a beta of 1.10.

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