Subsea 7 (OTCMKTS:SUBCY) Releases Earnings Results, Beats Estimates By $0.02 EPS

Subsea 7 (OTCMKTS:SUBCY) issued its quarterly earnings data on Thursday. The energy company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02, MarketWatch Earnings reports. Subsea 7 had a net margin of 1.07% and a return on equity of 1.37%. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.62 billion.

Subsea 7 Stock Up 4.0 %

SUBCY stock opened at $13.62 on Friday. The firm’s fifty day simple moving average is $13.29 and its 200-day simple moving average is $12.42. The company has a market capitalization of $4.12 billion, a P/E ratio of 71.69 and a beta of 1.81. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.17 and a quick ratio of 1.15. Subsea 7 has a 12 month low of $9.85 and a 12 month high of $14.27.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised shares of Subsea 7 from an “underperform” rating to a “buy” rating in a research report on Friday, October 13th.

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.