Subsea 7 (OTCMKTS:SUBCY) Upgraded to "Buy" at 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 note issued to investors on Tuesday.

Separately, UBS Group reissued an "outperform" rating on shares of Subsea 7 in a research note on Thursday, May 1st. Two equities research 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Subsea 7 Stock Performance

Shares of SUBCY stock opened at $18.88 on Tuesday. The stock has a market capitalization of $5.70 billion, a PE ratio of 21.21 and a beta of 1.43. Subsea 7 has a 52-week low of $12.15 and a 52-week high of $20.42. The stock's 50-day moving average price is $18.76 and its 200 day moving average price is $16.64. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.12.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last released its earnings results on Thursday, July 31st. The energy company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.11. Subsea 7 had a return on equity of 6.12% and a net margin of 3.80%. The company had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.84 billion. As a group, equities research analysts forecast that Subsea 7 will post 0.86 EPS for the current 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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