Subsea 7 (OTCMKTS:SUBCY) Hits New 1-Year Low - Time to Sell?

Subsea 7 S.A. (OTCMKTS:SUBCY - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The company traded as low as $14.59 and last traded at $14.59, with a volume of 16345 shares traded. The stock had previously closed at $15.26.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded shares of Subsea 7 from a "hold" rating to a "strong-buy" rating in a research note on Tuesday.

Subsea 7 Price Performance

The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 73.25 and a beta of 1.71. The stock's fifty day moving average price is $16.45 and its two-hundred day moving average price is $16.47. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last posted its quarterly 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 research analysts expect that Subsea 7 S.A. will post 0.86 EPS for the current year.

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.