Brokerages Anticipate Subsea 7 SA (NASDAQ:SUBCY) to Announce $0.37 EPS
Subsea 7 SA (NASDAQ:SUBCY) has received an average broker rating score of 3.33 (Hold) from the three brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating, one has assigned a sell rating and one has issued a strong buy rating on the company. Subsea 7 SA’s rating score has declined by 2.5% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Brokers have set a 12-month consensus price target of $4.85 for the company and are anticipating that the company will post $0.37 EPS for the current quarter, according to Zacks. Zacks has also assigned Subsea 7 SA an industry rank of 188 out of 265 based on the ratings given to related companies.
SUBCY has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Subsea 7 SA from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Tuesday, August 2nd. Credit Suisse Group AG initiated coverage on shares of Subsea 7 SA in a report on Monday. They set an “underperform” rating on the stock. JPMorgan Chase & Co. cut shares of Subsea 7 SA from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 26th. Finally, BNP Paribas cut shares of Subsea 7 SA from an “outperform” rating to a “neutral” rating in a report on Monday, September 12th.
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Subsea 7 SA (NASDAQ:SUBCY) traded down 1.99% on Tuesday, hitting $9.85. 5,011 shares of the stock were exchanged. The company has a 50-day moving average of $10.76 and a 200 day moving average of $9.33. Subsea 7 SA has a 12 month low of $4.86 and a 12 month high of $11.60. The firm has a market cap of $3.21 billion and a P/E ratio of 179.09.
About Subsea 7 SA
Subsea 7 SA is a provider of seabed-to-surface engineering, construction and offshore installation services to the energy industry. The Company’s operating segments include Northern Hemisphere and Life of Field, Southern Hemisphere and Global Projects, and Corporate. The Company provides products and services for subsea field development, including project management, design and engineering, procurement, fabrication, survey, installation and commissioning of production facilities on the seabed and the tie-back of these facilities to fixed or floating platforms or to the shore.
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