Subsea 7 (OTCMKTS:SUBCY) Reaches New 52-Week Low – What’s Next?

Shares of Subsea 7 S.A. (OTCMKTS:SUBCY) hit a new 52-week low during trading on Friday . The stock traded as low as $12.93 and last traded at $12.93, with a volume of 8114 shares traded. The stock had previously closed at $15.00.

Wall Street Analyst Weigh In

Separately, Barclays upgraded Subsea 7 from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th.

Subsea 7 Trading Down 13.8 %

The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 64.65 and a beta of 1.70. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average is $15.85 and its 200 day moving average is $16.15.

Subsea 7 (OTCMKTS:SUBCY) last issued its earnings results on Thursday, February 27th. The energy company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.15). The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.81 billion. Subsea 7 had a net margin of 1.63% and a return on equity of 2.37%. Equities analysts forecast that Subsea 7 S.A. will post 0.86 earnings per share for the current 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.