Subsea 7 (OTCMKTS:SUBCY) Cut to “Neutral” at JPMorgan Chase & Co.

Subsea 7 (OTCMKTS:SUBCY) was downgraded by research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report issued on Thursday, Briefing.com reports.

Separately, BNP Paribas restated a “neutral” rating on shares of Subsea 7 in a research report on Monday, September 9th.

Subsea 7 Trading Up 0.5 %

Shares of OTCMKTS SUBCY traded up $0.08 during mid-day trading on Thursday, hitting $16.35. The company’s stock had a trading volume of 2,404 shares, compared to its average volume of 21,862. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.07 and a quick ratio of 1.05. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 81.75 and a beta of 1.76. The company’s fifty day simple moving average is $17.34 and its 200-day simple moving average is $17.54. Subsea 7 has a one year low of $12.56 and a one year high of $19.60.

Subsea 7 (OTCMKTS:SUBCY) last announced its quarterly earnings data on Thursday, July 25th. The energy company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.73 billion. Subsea 7 had a net margin of 1.63% and a return on equity of 2.37%. On average, sell-side analysts anticipate 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.