Subsea 7 (OTCMKTS:SUBCY) Upgraded by Zacks Research to Strong-Buy Rating

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

Separately, UBS Group restated a “neutral” rating on shares of Subsea 7 in a research report on Monday, November 24th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Subsea 7 Stock Performance

Shares of OTCMKTS:SUBCY opened at $20.22 on Monday. The firm’s 50 day simple moving average is $19.17 and its 200 day simple moving average is $19.56. Subsea 7 has a fifty-two week low of $12.15 and a fifty-two week high of $21.44. The company has a market capitalization of $6.11 billion, a price-to-earnings ratio of 21.06 and a beta of 1.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.02 and a quick ratio of 1.00.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly earnings data on Thursday, November 20th. The energy company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.89 billion. Subsea 7 had a net margin of 4.08% and a return on equity of 6.66%. As a group, sell-side analysts forecast that Subsea 7 will post 0.86 earnings per share 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.