Subsea 7 (OTCMKTS:SUBCY) Shares Gap Up – What’s Next?

Subsea 7 SA (OTCMKTS:SUBCY) shares gapped up prior to trading on Friday . The stock had previously closed at $22.86, but opened at $24.18. Subsea 7 shares last traded at $23.98, with a volume of 14,756 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SUBCY. Zacks Research raised shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. UBS Group reaffirmed a “neutral” rating on shares of Subsea 7 in a research note on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Subsea 7 presently has a consensus rating of “Buy”.

Subsea 7 Price Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.00. The business’s fifty day moving average price is $20.25 and its 200-day moving average price is $19.91. The stock has a market capitalization of $7.16 billion, a price-to-earnings ratio of 25.22 and a beta of 1.14.

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

Subsea 7 Company Profile

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.