Subsea 7 (OTCMKTS:SUBCY) Upgraded at Rothschild & Co Redburn

Rothschild & Co Redburn upgraded shares of Subsea 7 (OTCMKTS:SUBCY) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

SUBCY has been the subject of several other research reports. UBS Group raised shares of Subsea 7 from an “overweight” rating to a “buy” rating in a research note on Thursday. Zacks Research downgraded shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Finally, Barclays lowered shares of Subsea 7 from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Subsea 7 Trading Down 0.1%

Shares of Subsea 7 stock opened at $34.38 on Thursday. Subsea 7 has a 52-week low of $17.79 and a 52-week high of $37.66. The stock’s 50-day simple moving average is $34.53 and its 200 day simple moving average is $30.37. The stock has a market capitalization of $10.16 billion, a P/E ratio of 20.71 and a beta of 1.08. 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 posted its earnings results on Thursday, April 30th. The energy company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.03). Subsea 7 had a return on equity of 11.38% and a net margin of 6.67%.The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.62 billion. As a group, research analysts anticipate that Subsea 7 will post 2.32 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.