Barclays Upgrades Subsea 7 (OTCMKTS:SUBCY) to Strong-Buy

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) was upgraded by equities researchers at Barclays from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Tuesday, March 4th,Zacks.com reports.

Subsea 7 Stock Up 0.9 %

SUBCY traded up $0.13 during trading on Tuesday, hitting $14.41. 1,384 shares of the company's stock were exchanged, compared to its average volume of 5,770. The stock has a market cap of $4.35 billion, a P/E ratio of 72.05 and a beta of 1.70. The business's 50 day moving average is $16.40 and its two-hundred day moving average is $16.39. Subsea 7 has a fifty-two week low of $14.18 and a fifty-two week high of $19.60. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 0.16.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last posted 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 return on equity of 2.37% and a net margin of 1.63%. As a group, equities analysts expect 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.