Subsea 7 SA (SUBCY) Receives Average Recommendation of “Hold” from Analysts

Shares of Subsea 7 SA (OTCMKTS:SUBCY) have been given a consensus recommendation of “Hold” by the seven analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company.

A number of analysts have commented on SUBCY shares. Zacks Investment Research upgraded Subsea 7 from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Wednesday, November 7th. Citigroup upgraded Subsea 7 from a “neutral” rating to a “buy” rating in a research report on Thursday, November 15th. ValuEngine upgraded Subsea 7 from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Sanford C. Bernstein upgraded Subsea 7 from an “underperform” rating to a “market perform” rating in a research report on Monday, December 10th.

Shares of OTCMKTS:SUBCY opened at $10.96 on Friday. Subsea 7 has a twelve month low of $8.90 and a twelve month high of $17.25. The company has a market cap of $3.40 billion, a P/E ratio of 8.63 and a beta of 1.51. The company has a quick ratio of 1.41, a current ratio of 1.44 and a debt-to-equity ratio of 0.04.

Subsea 7 (OTCMKTS:SUBCY) last announced its earnings results on Thursday, November 8th. The energy company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. Subsea 7 had a return on equity of 3.63% and a net margin of 4.96%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.11 billion. On average, equities research analysts forecast that Subsea 7 will post 0.54 earnings per share for the current fiscal year.

Subsea 7 Company Profile

Subsea 7 SA operates as a seabed-to-surface engineering, construction, and services contractor to the offshore 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.

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Analyst Recommendations for Subsea 7 (OTCMKTS:SUBCY)

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