Subsea 7’s (SUBCY) Underperform Rating Reiterated at Macquarie

Subsea 7 (OTCMKTS:SUBCY)‘s stock had its “underperform” rating reiterated by investment analysts at Macquarie in a research note issued to investors on Friday.

SUBCY has been the subject of a number of other reports. Goldman Sachs Group downgraded shares of Subsea 7 from a “neutral” rating to a “sell” rating in a research report on Tuesday, October 10th. Zacks Investment Research downgraded shares of Subsea 7 from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd.

Subsea 7 (OTCMKTS SUBCY) opened at $16.64 on Friday. Subsea 7 has a 52-week low of $12.50 and a 52-week high of $17.43. The firm has a market cap of $5,447.44, a P/E ratio of 12.61 and a beta of 1.56. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.27 and a current ratio of 1.29.

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About Subsea 7

Subsea 7 SA is a provider of seabed-to-surface engineering, construction and services contractor to the offshore energy industry. The Company’s segments include SURF and Conventional, i-Tech Services and Corporate. The SURF and Conventional segment includes Subsea Umbilicals, Risers and Flowlines (SURF) activities related to the engineering, procurement, construction (EPC) and installation of systems offshore, including the long-term Pipelay Support Vessel (PLSV) contracts in Brazil, and conventional services, including the fabrication, installation, extension and refurbishment of fixed and floating platforms and associated pipelines in shallow water environments.

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