Subsea 7 (OTCMKTS:SUBCY) Hits New 52-Week High – Time to Buy?

Subsea 7 SA (OTCMKTS:SUBCY)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $20.88 and last traded at $20.88, with a volume of 11105 shares changing hands. The stock had previously closed at $20.78.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Royal Bank Of Canada cut Subsea 7 from a “moderate buy” rating to a “hold” rating in a research note on Friday, August 1st. Wall Street Zen raised shares of Subsea 7 from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. Finally, UBS Group reaffirmed a “buy” rating on shares of Subsea 7 in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Subsea 7 Price Performance

The company’s fifty day moving average is $19.39 and its 200 day moving average is $17.01. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 23.46 and a beta of 1.43. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.12.

Subsea 7 (OTCMKTS:SUBCY) last announced its earnings results on Thursday, July 31st. The energy company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.34 by $0.11. Subsea 7 had a net margin of 3.80% and a return on equity of 6.12%. The business had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Subsea 7 has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Subsea 7 SA will post 0.86 EPS for the current year.

Subsea 7 Company Profile

Subsea 7 SA delivers offshore projects and services for the 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.