Subsea 7 (OTCMKTS:SUBCY) Upgraded at Barclays

Subsea 7 (OTCMKTS:SUBCY) was upgraded by equities research analysts at Barclays from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Subsea 7 Stock Down 1.0 %

OTCMKTS SUBCY opened at $14.60 on Tuesday. The stock has a market cap of $4.41 billion, a PE ratio of 73.00 and a beta of 1.71. Subsea 7 has a fifty-two week low of $14.18 and a fifty-two week high of $19.60. The business has a 50 day moving average price of $16.45 and a two-hundred day moving average price of $16.47. 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) last released 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 company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. As a group, sell-side analysts predict that Subsea 7 will post 0.86 EPS 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.