Subsea 7 (OTCMKTS:SUBCY) Upgraded 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 report sent to investors on Tuesday,Zacks.com reports.

Subsea 7 Stock Down 1.0 %

Subsea 7 stock opened at $14.60 on Tuesday. 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 firm’s fifty day moving average price is $16.45 and its two-hundred day moving average price is $16.47. Subsea 7 has a 1-year low of $14.18 and a 1-year high of $19.60. 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) last released its quarterly earnings results on Thursday, February 27th. The energy company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.15). Subsea 7 had a net margin of 1.63% and a return on equity of 2.37%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.81 billion. On average, equities research analysts predict that Subsea 7 will post 0.86 earnings per share for the current fiscal 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.