Subsea 7 (SUBCY) Projected to Post Quarterly Earnings on Thursday

Subsea 7 (OTCMKTS:SUBCY) is anticipated to release its results before the market opens on Thursday, November 20th. Analysts expect Subsea 7 to post earnings of $0.45 per share and revenue of $1.8899 billion for the quarter.

Subsea 7 Trading Down 0.5%

Shares of OTCMKTS SUBCY opened at $18.91 on Thursday. Subsea 7 has a 1-year low of $12.15 and a 1-year high of $21.44. The business has a fifty day moving average price of $19.74 and a 200 day moving average price of $18.86. The stock has a market capitalization of $5.71 billion, a P/E ratio of 21.24 and a beta of 1.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.97 and a quick ratio of 0.95.

Analyst Ratings Changes

Several analysts have commented on SUBCY shares. Wall Street Zen raised shares of Subsea 7 from a “hold” rating to a “buy” rating in a research report on Tuesday, August 5th. UBS Group reaffirmed a “buy” rating on shares of Subsea 7 in a research report on Thursday, August 14th. Finally, Royal Bank Of Canada cut shares of Subsea 7 from a “moderate buy” rating to a “hold” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Subsea 7 currently has an average rating of “Buy”.

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.