Subsea 7 (OTCMKTS:SUBCY) Stock Rating Upgraded by Wall Street Zen

Key Points

• Subsea 7 has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, reflecting a positive outlook from analysts.
• The company reported an earnings per share (EPS) of $0.45 for the latest quarter, exceeding expectations of $0.34, although its revenue fell short at $1.76 billion against a forecast of $1.84 billion.
• Subsea 7 currently holds a market capitalization of $5.70 billion and has a consensus rating of "Moderate Buy" from research analysts.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Tuesday.

Separately, UBS Group reissued an "outperform" rating on shares of Subsea 7 in a research report on Thursday, May 1st. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Subsea 7 presently has a consensus rating of "Moderate Buy".

Subsea 7 Trading Up 0.1%

OTCMKTS:SUBCY traded up $0.02 during trading hours on Tuesday, hitting $19.27. The company had a trading volume of 774 shares, compared to its average volume of 7,197. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.04 and a quick ratio of 1.02. The stock has a 50-day moving average price of $18.94 and a 200 day moving average price of $16.70. The company has a market capitalization of $5.82 billion, a PE ratio of 21.65 and a beta of 1.43. Subsea 7 has a 52 week low of $12.15 and a 52 week high of $20.42.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last announced its earnings results on Thursday, July 31st. The energy company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.11. Subsea 7 had a net margin of 3.80% and a return on equity of 6.12%. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.84 billion. On average, equities research analysts predict that Subsea 7 will post 0.86 EPS for the current fiscal year.

About Subsea 7

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.