Subsea 7 (OTCMKTS:SUBCY) Share Price Passes Below 50-Day Moving Average of $12.50

Shares of Subsea 7 S.A. (OTCMKTS:SUBCYGet Rating) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $12.50 and traded as low as $11.52. Subsea 7 shares last traded at $11.68, with a volume of 6,207 shares.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered shares of Subsea 7 from a “neutral” rating to an “underweight” rating in a report on Thursday, January 26th.

Subsea 7 Trading Up 0.9 %

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.22 and a quick ratio of 1.19. The business’s fifty day simple moving average is $12.50 and its 200 day simple moving average is $10.83.

Subsea 7 (OTCMKTS:SUBCYGet Rating) last issued its quarterly earnings results on Thursday, March 2nd. The energy company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.11. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Subsea 7 had a net margin of 1.29% and a return on equity of 1.55%. Sell-side analysts forecast that Subsea 7 S.A. will post 0.31 EPS for the current fiscal year.

Subsea 7 Company Profile

(Get Rating)

Subsea 7 SA engages in the provision of engineering and construction services to the offshore drilling industry. It provides cost-effective technical solutions to enable the delivery of complex projects in all water depths and challenging environments. The company was founded on March 10, 1993 and is headquartered in London, the United Kingdom.

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