Subsea 7 (OTCMKTS:SUBCY) Rating Lowered to “Hold” at Barclays

Subsea 7 (OTCMKTS:SUBCY) was downgraded by investment analysts at Barclays from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

SUBCY has been the subject of a number of other research reports. Zacks Research raised Subsea 7 from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. UBS Group reissued a “neutral” rating on shares of Subsea 7 in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Subsea 7 Trading Down 0.5%

OTCMKTS:SUBCY opened at $31.33 on Monday. Subsea 7 has a twelve month low of $13.71 and a twelve month high of $33.62. 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 business has a 50 day moving average price of $28.51 and a two-hundred day moving average price of $23.37. The company has a market cap of $9.26 billion, a P/E ratio of 22.70 and a beta of 1.07.

Subsea 7 (OTCMKTS:SUBCY) last released its quarterly 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 return on equity of 9.46% and a net margin of 5.76%.The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.95 billion. As a group, analysts expect that Subsea 7 will post 2.13 EPS for the current fiscal 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.