BNP Paribas Reaffirms Neutral Rating for Subsea 7 (OTCMKTS:SUBCY)

BNP Paribas restated their neutral rating on shares of Subsea 7 (OTCMKTS:SUBCY) in a report issued on Monday morning, Marketbeat reports.

Subsea 7 Stock Performance

Shares of Subsea 7 stock opened at $16.32 on Monday. The firm has a market capitalization of $4.97 billion, a P/E ratio of 81.60 and a beta of 1.77. Subsea 7 has a 52 week low of $12.38 and a 52 week high of $19.60. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average price of $18.21 and a 200 day moving average price of $17.27.

Subsea 7 (OTCMKTS:SUBCY) last posted its quarterly earnings results 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 company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. Sell-side analysts expect that Subsea 7 will post 0.86 EPS for the current 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.