Subsea 7 (OTCMKTS:SUBCY) Issues Quarterly Earnings Results, Misses Estimates By $0.15 EPS

Subsea 7 (OTCMKTS:SUBCY) issued its quarterly earnings data on Thursday. The energy company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.15), Zacks reports. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.81 billion. Subsea 7 had a net margin of 1.63% and a return on equity of 2.37%.

Subsea 7 Price Performance

Shares of SUBCY opened at $15.26 on Friday. The firm has a market cap of $4.61 billion, a PE ratio of 76.30 and a beta of 1.71. The firm’s 50 day moving average price is $16.53 and its 200 day moving average price is $16.56. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.05 and a current ratio of 1.07. Subsea 7 has a twelve month low of $14.45 and a twelve month high of $19.60.

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.