Subsea 7 (OTCMKTS:SUBCY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Subsea 7 SA (OTCMKTS:SUBCY) saw unusually-strong trading volume on Monday . Approximately 64,493 shares traded hands during mid-day trading, an increase of 639% from the previous session’s volume of 8,730 shares.The stock last traded at $19.26 and had previously closed at $19.3335.

Wall Street Analyst Weigh In

Separately, UBS Group reissued a “neutral” rating on shares of Subsea 7 in a research report on Monday, November 24th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Subsea 7 Stock Down 0.4%

The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $19.18 and a two-hundred day moving average of $19.39. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 20.05 and a beta of 1.15.

Subsea 7 (OTCMKTS:SUBCY) last posted its quarterly earnings results on Thursday, November 20th. The energy company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.89 billion. Subsea 7 had a net margin of 4.08% and a return on equity of 6.66%. As a group, sell-side analysts anticipate that Subsea 7 SA will post 0.86 EPS for the current fiscal 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.