Subsea 7 (OTCMKTS:SUBCY) Cut to “Hold” at Zacks Research

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

Separately, UBS Group reaffirmed a “neutral” rating on shares of Subsea 7 in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Subsea 7 Trading Down 0.7%

Shares of SUBCY stock opened at $26.08 on Tuesday. Subsea 7 has a 52-week low of $12.15 and a 52-week high of $26.68. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.00 and a current ratio of 1.02. The company has a 50-day simple moving average of $22.08 and a two-hundred day simple moving average of $20.48. The company has a market capitalization of $7.71 billion, a price-to-earnings ratio of 27.17 and a beta of 1.13.

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

About Subsea 7

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.