Subsea 7 (OTCMKTS:SUBCY) Hits New 12-Month High – Still a Buy?

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

Analysts Set New Price Targets

SUBCY has been the topic of several research analyst reports. UBS Group reiterated an “overweight” rating on shares of Subsea 7 in a research report on Monday. Zacks Research upgraded Subsea 7 from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Finally, Barclays cut Subsea 7 from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Subsea 7 currently has an average rating of “Moderate Buy”.

Subsea 7 Price Performance

The stock’s fifty day moving average price is $30.80 and its 200-day moving average price is $24.94. The firm has a market cap of $11.00 billion, a PE ratio of 22.42 and a beta of 1.12. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.11 and a quick ratio of 1.09.

Subsea 7 (OTCMKTS:SUBCY) last posted its quarterly earnings results on Thursday, April 30th. The energy company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.62 billion. As a group, equities analysts expect that Subsea 7 SA will post 2.08 EPS for the current fiscal 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.