Subsea 7 (OTCMKTS:SUBCY) Rating Increased to Strong-Buy at Barclays

Barclays upgraded shares of Subsea 7 (OTCMKTS:SUBCY) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

Subsea 7 Stock Performance

Shares of Subsea 7 stock opened at $14.60 on Tuesday. Subsea 7 has a one year low of $14.18 and a one year high of $19.60. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 73.00 and a beta of 1.71. The business has a 50-day simple moving average of $16.45 and a 200 day simple moving average of $16.47. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.07 and a quick ratio of 1.05.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly earnings data on Thursday, February 27th. The energy company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.15). The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.81 billion. Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. On average, research analysts anticipate that Subsea 7 will post 0.86 earnings per share 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.