Subsea 7 (OTCMKTS:SUBCY) Posts Quarterly Earnings Results

Subsea 7 (OTCMKTS:SUBCY) announced its earnings results on Thursday. The energy company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.15), Zacks reports. Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.81 billion.

Subsea 7 Stock Performance

SUBCY stock opened at $15.26 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.05 and a current ratio of 1.07. The stock has a market cap of $4.61 billion, a P/E ratio of 76.30 and a beta of 1.71. The firm has a 50 day simple moving average of $16.53 and a 200 day simple moving average of $16.56. Subsea 7 has a 52 week low of $14.45 and a 52 week high of $19.60.

About Subsea 7

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.