Subsea 7 SA (SUBCY) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Subsea 7 SA (NASDAQ:SUBCY) have been assigned an average rating of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Subsea 7 SA from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Tuesday, March 7th. Jefferies Group LLC upgraded shares of Subsea 7 SA from a “hold” rating to a “buy” rating in a research report on Monday, February 6th. Finally, Goldman Sachs Group Inc upgraded shares of Subsea 7 SA from a “sell” rating to a “neutral” rating in a research report on Monday, May 8th.
Shares of Subsea 7 SA (NASDAQ SUBCY) opened at 13.81 on Tuesday. Subsea 7 SA has a 1-year low of $8.58 and a 1-year high of $17.00. The firm has a market capitalization of $4.50 billion and a PE ratio of 10.96. The firm has a 50-day moving average price of $15.64 and a 200-day moving average price of $14.25.
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Subsea 7 SA Company Profile
Subsea 7 SA is a provider of seabed-to-surface engineering, construction and services contractor to the offshore energy industry. The Company’s segments include SURF and Conventional, i-Tech Services and Corporate. The SURF and Conventional segment includes Subsea Umbilicals, Risers and Flowlines (SURF) activities related to the engineering, procurement, construction (EPC) and installation of systems offshore, including the long-term Pipelay Support Vessel (PLSV) contracts in Brazil, and conventional services, including the fabrication, installation, extension and refurbishment of fixed and floating platforms and associated pipelines in shallow water environments.
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