Subsea 7 (OTCMKTS:SUBCY) Raised to “Strong-Buy” at Rothschild & Co Redburn

Subsea 7 (OTCMKTS:SUBCY) was upgraded by stock analysts at Rothschild & Co Redburn from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

SUBCY has been the topic of a number of other reports. UBS Group raised shares of Subsea 7 from an “overweight” rating to a “buy” rating in a research note on Thursday. Zacks Research cut shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 14th. Finally, Barclays downgraded shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Subsea 7 Stock Performance

OTCMKTS:SUBCY opened at $34.38 on Thursday. The firm’s fifty day moving average price is $34.53 and its 200 day moving average price is $30.37. Subsea 7 has a 1-year low of $17.79 and a 1-year high of $37.66. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.11 and a quick ratio of 1.09. The firm has a market cap of $10.16 billion, a price-to-earnings ratio of 20.71 and a beta of 1.08.

Subsea 7 (OTCMKTS:SUBCY) last issued its earnings results on Thursday, April 30th. The energy company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Subsea 7 had a return on equity of 11.38% and a net margin of 6.67%. On average, sell-side analysts expect that Subsea 7 will post 2.32 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.