Subsea 7’s (SUBCY) Underperform Rating Reiterated at Macquarie
Subsea 7 (OTCMKTS:SUBCY)‘s stock had its “underperform” rating restated by stock analysts at Macquarie in a report released on Friday.
SUBCY has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Subsea 7 from a “hold” rating to a “sell” rating in a research note on Thursday. Goldman Sachs Group downgraded shares of Subsea 7 from a “neutral” rating to a “sell” rating in a research note on Tuesday, October 10th.
Subsea 7 (OTCMKTS SUBCY) traded up $0.09 during trading on Friday, hitting $16.48. The stock had a trading volume of 755 shares, compared to its average volume of 17,535. Subsea 7 has a 1-year low of $12.39 and a 1-year high of $17.43. The company has a quick ratio of 1.27, a current ratio of 1.29 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $5,290.00, a price-to-earnings ratio of 13.85 and a beta of 1.57.
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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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