Subsea 7 (OTCMKTS:SUBCY) Shares Gap Down - What's Next?

Key Points

• Subsea 7 shares gapped down, opening at $32.55 after a $33.62 close and last trading at $32.76 on volume of about 11,591 shares.
• Analyst sentiment is muted: UBS maintained a neutral rating, Zacks downgraded to a hold, and the consensus rating is Hold.
• The company missed EPS (reported $0.49 vs. $0.55 expected) while slightly beating revenue ($1.96B vs. $1.95B); valuation metrics include a P/E of 23.56, market cap ≈ $9.6B and low debt-to-equity (0.09).

Subsea 7 SA (OTCMKTS:SUBCY - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $33.62, but opened at $32.55. Subsea 7 shares last traded at $32.76, with a volume of 11,591 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SUBCY shares. UBS Group restated a "neutral" rating on shares of Subsea 7 in a research note on Friday, January 30th. Zacks Research downgraded shares of Subsea 7 from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 10th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".

Subsea 7 Price Performance

The stock has a market capitalization of $9.61 billion, a P/E ratio of 23.56 and a beta of 1.07. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 0.09. The company has a fifty day simple moving average of $27.43 and a two-hundred day simple moving average of $22.69.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. Subsea 7 had a return on equity of 9.46% and a net margin of 5.76%. Sell-side analysts expect that Subsea 7 SA will post 0.86 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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