Barclays Downgrades Subsea 7 (OTCMKTS:SUBCY) to Hold

Subsea 7 (OTCMKTS:SUBCY) was downgraded by research analysts at Barclays from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Other analysts also recently issued reports about the company. Zacks Research upgraded Subsea 7 from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. UBS Group restated a “neutral” rating on shares of Subsea 7 in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Subsea 7 Stock Up 0.1%

Shares of SUBCY opened at $31.50 on Monday. The company has a market cap of $9.31 billion, a PE ratio of 22.83 and a beta of 1.07. The business has a fifty day moving average of $28.41 and a 200 day moving average of $23.30. Subsea 7 has a 52-week low of $13.71 and a 52-week high of $33.62. The company has a quick ratio of 1.09, a current ratio of 1.11 and a debt-to-equity ratio of 0.09.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly earnings results on Thursday, February 26th. The energy company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.06). The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.95 billion. Subsea 7 had a return on equity of 9.46% and a net margin of 5.76%. On average, sell-side analysts expect that Subsea 7 will post 2.13 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.