Subsea 7 (OTCMKTS:SUBCY) Shares Up 0.3% - Still a Buy?

Key Points

• Subsea 7 shares saw a modest increase of 0.3%, trading at $19.16 with a significant decline in volume at 4,002 shares, compared to an average of 21,639.
• The stock received a mix of ratings from analysts, with a consensus Buy rating, though Royal Bank of Canada has downgraded its position to Hold.
• Subsea 7 reported earnings of $0.45 EPS, surpassing expectations of $0.34, despite revenue falling short of analyst estimates at $1.76 billion.

Shares of Subsea 7 SA (OTCMKTS:SUBCY - Get Free Report) rose 0.3% during trading on Monday . The stock traded as high as $19.16 and last traded at $19.16. Approximately 4,002 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 21,639 shares. The stock had previously closed at $19.11.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SUBCY shares. Wall Street Zen raised Subsea 7 from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. Royal Bank Of Canada downgraded Subsea 7 from a "moderate buy" rating to a "hold" rating in a research report on Friday, August 1st. Finally, UBS Group restated a "buy" rating on shares of Subsea 7 in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy".

Subsea 7 Stock Performance

The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of 21.53 and a beta of 1.40. The stock has a fifty day moving average price of $20.26 and a 200-day moving average price of $18.26.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The energy company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.34 by $0.11. Subsea 7 had a return on equity of 6.18% and a net margin of 3.80%.The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.84 billion. Subsea 7 has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Subsea 7 SA will post 0.86 earnings per share for the current fiscal year.

Subsea 7 Company Profile

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.

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