Subsea 7 (OTCMKTS:SUBCY) Shares Gap Up - Here's What Happened

Key Points

• Shares gapped up pre-market to open at $27.4150 from a prior close of $26.54, with light volume of 1,219 shares traded.
• The company reported quarterly EPS of $0.49, missing consensus by $0.06, while revenue was $1.96 billion (slightly above estimates); ROE was 9.46% and net margin 5.76%.
• Analysts' consensus is a Hold (three Hold ratings); UBS kept a Neutral rating and Zacks downgraded the stock from Strong-Buy to Hold.

Subsea 7 SA (OTCMKTS:SUBCY - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $26.54, but opened at $27.4150. Subsea 7 shares last traded at $27.4150, with a volume of 1,219 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. UBS Group reaffirmed 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 note on Tuesday, February 10th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold".

Subsea 7 Price Performance

The stock has a 50 day moving average of $25.69 and a two-hundred day moving average of $21.83. 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 firm has a market capitalization of $8.17 billion, a P/E ratio of 20.04 and a beta of 1.10.

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

Subsea 7 Company Profile

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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