Subsea 7 (OTCMKTS:SUBCY) Sees Large Volume Increase – Here’s What Happened

Subsea 7 SA (OTCMKTS:SUBCY) shares saw an uptick in trading volume on Wednesday . 31,265 shares changed hands during trading, an increase of 253% from the previous session’s volume of 8,851 shares.The stock last traded at $20.1650 and had previously closed at $20.2215.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SUBCY shares. Zacks Research raised Subsea 7 from a “hold” rating to a “strong-buy” rating in a report on Monday. UBS Group reaffirmed a “neutral” rating on shares of Subsea 7 in a report on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Subsea 7 Stock Performance

The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 21.01 and a beta of 1.14. The firm has a fifty day simple moving average of $19.20 and a 200 day simple moving average of $19.57. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.00.

Subsea 7 (OTCMKTS:SUBCY) last announced its earnings results on Thursday, November 20th. The energy company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). Subsea 7 had a net margin of 4.08% and a return on equity of 6.66%. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.89 billion. On average, analysts anticipate that Subsea 7 SA will post 0.86 earnings per share for the current fiscal year.

About Subsea 7

Subsea 7 SA is a global engineering, construction and services contractor serving the offshore energy industry. The company specializes in complex subsea infrastructure projects, offering pipeline and riser installation, umbilical and flowline deployment, and subsea tie-ins. Its fleet of specialized vessels, diving systems and remotely operated vehicles (ROVs) supports installation, inspection, maintenance and repair activities across the life cycle of offshore oil, gas and renewable energy fields.

With roots tracing back to the merger of Subsea 7 Inc and Acergy SA in 2011, Subsea 7 has built a broad international footprint.