Subsea 7 (OTCMKTS:SUBCY) Reaches New 52-Week High – Still a Buy?

Subsea 7 SA (OTCMKTS:SUBCY) shares hit a new 52-week high on Friday . The stock traded as high as $37.0880 and last traded at $37.0880, with a volume of 849 shares trading hands. The stock had previously closed at $36.20.

Analysts Set New Price Targets

A number of analysts have issued reports on SUBCY shares. Zacks Research cut shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Thursday. UBS Group restated an “overweight” rating on shares of Subsea 7 in a report on Monday, May 11th. Finally, Barclays lowered shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Subsea 7 Price Performance

The company has a market cap of $11.01 billion, a P/E ratio of 22.44 and a beta of 1.12. The stock has a 50-day simple moving average of $31.01 and a 200 day simple moving average of $25.02. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.09 and a current ratio of 1.11.

Subsea 7 (OTCMKTS:SUBCY) last released its quarterly earnings data on Thursday, April 30th. The energy company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.62 billion. Subsea 7 had a net margin of 6.67% and a return on equity of 11.38%. On average, equities analysts expect that Subsea 7 SA will post 2.08 EPS for the current year.

Subsea 7 Company Profile

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.