Subsea 7 S.A. (OTCMKTS:SUBCY - Get Free Report)'s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $14.80 and traded as high as $15.18. Subsea 7 shares last traded at $14.85, with a volume of 17,717 shares traded.
Analysts Set New Price Targets
SUBCY has been the subject of several research analyst reports. Barclays raised shares of Subsea 7 from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 4th. UBS Group restated an "outperform" rating on shares of Subsea 7 in a research note on Thursday, May 1st.
Get Our Latest Report on SUBCY
Subsea 7 Stock Down 0.8 %
The firm has a market capitalization of $4.58 billion, a PE ratio of 75.85 and a beta of 1.41. The firm's 50 day moving average price is $14.71 and its two-hundred day moving average price is $15.69. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 0.16.
Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The energy company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.03) by $0.09. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.46 billion. Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. As a group, research analysts forecast that Subsea 7 S.A. will post 0.86 EPS for the current fiscal year.
About Subsea 7
(
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Subsea 7 SA delivers offshore projects and services for the energy industry worldwide. It provides subsea field development products and services, including project management, design and engineering, procurement, fabrication, survey, installation, and commissioning of production facilities on the seabed and the tie-back of its facilities to fixed or floating platforms or to the shore.
Further Reading
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