Subsea 7 (OTCMKTS:SUBCY) Reaches New 1-Year High – Time to Buy?

Subsea 7 SA (OTCMKTS:SUBCY) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $35.84 and last traded at $34.80, with a volume of 80912 shares traded. The stock had previously closed at $34.44.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. UBS Group cut shares of Subsea 7 from a “neutral” rating to a “sell” rating in a report on Thursday, April 23rd. Zacks Research raised shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Barclays cut shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Subsea 7 currently has an average rating of “Hold”.

Subsea 7 Trading Up 3.6%

The firm’s 50-day simple moving average is $29.59 and its 200 day simple moving average is $24.00. 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 capitalization of $10.76 billion, a price-to-earnings ratio of 26.37 and a beta of 1.07.

Subsea 7 (OTCMKTS:SUBCY) last released its earnings results on Thursday, April 30th. The energy company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.03). Subsea 7 had a return on equity of 9.46% and a net margin of 5.76%. Equities analysts expect that Subsea 7 SA will post 2.13 earnings per share for the current 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.