Subsea 7 (OTCMKTS:SUBCY) released its quarterly earnings results on Wednesday. The energy company reported ($1.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.99), MarketWatch Earnings reports. The firm had revenue of $754.00 million for the quarter, compared to analyst estimates of $780.00 million. Subsea 7 had a negative net margin of 31.13% and a negative return on equity of 6.75%.
Subsea 7 stock traded down $0.14 during trading hours on Friday, hitting $7.40. 55,936 shares of the company traded hands, compared to its average volume of 21,104. The company has a quick ratio of 1.25, a current ratio of 1.27 and a debt-to-equity ratio of 0.09. The firm’s 50-day simple moving average is $6.87 and its two-hundred day simple moving average is $7.30. Subsea 7 has a 1-year low of $3.47 and a 1-year high of $12.25.
SUBCY has been the topic of a number of research analyst reports. ValuEngine upgraded shares of Subsea 7 from a “hold” rating to a “buy” rating in a research note on Friday, May 1st. Zacks Investment Research downgraded shares of Subsea 7 from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Finally, UBS Group reiterated a “neutral” rating on shares of Subsea 7 in a research note on Tuesday, July 7th.
Subsea 7 Company Profile
Subsea 7 SA delivers offshore projects and services for the evolving energy industry worldwide. It provides subsea field development products and services, including project management, design and engineering, procurement, fabrication, survey, installation, and commissioning of production facilities on the seabed and the tie-back of its facilities to fixed or floating platforms or to the shore.
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