Subsea 7 (OTCMKTS:SUBCY) Upgraded at Zacks Research

Zacks Research upgraded shares of Subsea 7 (OTCMKTS:SUBCY) from a hold rating to a strong-buy rating in a research note published on Wednesday,Zacks.com reports.

Separately, UBS Group reiterated a “neutral” rating on shares of Subsea 7 in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Subsea 7 presently has a consensus rating of “Moderate Buy”.

Subsea 7 Stock Down 2.9%

Subsea 7 stock opened at $31.46 on Wednesday. The stock has a market cap of $9.30 billion, a PE ratio of 22.80 and a beta of 1.07. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.09 and a current ratio of 1.11. Subsea 7 has a one year low of $13.71 and a one year high of $33.62. The stock has a fifty day moving average of $28.30 and a 200 day moving average of $23.18.

Subsea 7 (OTCMKTS:SUBCY) last posted its quarterly earnings data on Thursday, February 26th. The energy company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.06). The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.95 billion. Subsea 7 had a net margin of 5.76% and a return on equity of 9.46%. As a group, sell-side analysts predict that Subsea 7 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.