Subsea 7 (OTCMKTS:SUBCY) Reaches New 12-Month High – Time to Buy?

Shares of Subsea 7 SA (OTCMKTS:SUBCY) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $30.96 and last traded at $30.88, with a volume of 31922 shares. The stock had previously closed at $29.80.

Analysts Set New Price Targets

SUBCY has been the topic of a number of recent research reports. Zacks Research cut shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. UBS Group reaffirmed a “neutral” rating on shares of Subsea 7 in a research note on Friday, January 30th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Subsea 7 presently has a consensus rating of “Hold”.

Subsea 7 Stock Performance

The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 0.09. The company has a market cap of $8.84 billion, a P/E ratio of 21.67 and a beta of 1.07. The business has a fifty day moving average of $26.81 and a 200 day moving average of $22.32.

Subsea 7 (OTCMKTS:SUBCY) last announced its earnings results on Thursday, February 26th. The energy company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.06). Subsea 7 had a net margin of 5.76% and a return on equity of 9.46%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.95 billion. On average, equities analysts predict 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.