Subsea 7 SA (NASDAQ:SUBCY) has earned a consensus broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a sell recommendation and one has issued a strong buy recommendation on the company. Subsea 7 SA’s rating score has improved by 23.1% in the last three months as a result of a number of analysts’ ratings changes.
Brokerages have set a twelve-month consensus price objective of $5.90 for the company and are anticipating that the company will post $0.37 EPS for the current quarter, according to Zacks. Zacks has also given Subsea 7 SA an industry rank of 172 out of 265 based on the ratings given to related companies.
Several equities analysts recently issued reports on SUBCY shares. BNP Paribas cut Subsea 7 SA from an “outperform” rating to a “neutral” rating in a report on Monday, September 12th. Zacks Investment Research cut Subsea 7 SA from a “buy” rating to a “hold” rating in a report on Thursday, September 29th. JPMorgan Chase & Co. cut Subsea 7 SA from a “neutral” rating to an “underweight” rating in a report on Tuesday, July 26th. Finally, Credit Suisse Group AG started coverage on Subsea 7 SA in a report on Monday, September 19th. They issued an “underperform” rating on the stock.
Subsea 7 SA (NASDAQ:SUBCY) traded down 1.07% during mid-day trading on Thursday, reaching $11.14. The company’s stock had a trading volume of 2,439 shares. The company has a market cap of $3.63 billion and a price-to-earnings ratio of 202.55. The stock’s 50 day moving average is $10.62 and its 200 day moving average is $9.69. Subsea 7 SA has a 12 month low of $4.86 and a 12 month high of $11.60.
Subsea 7 SA Company Profile
Subsea 7 SA is a provider of seabed-to-surface engineering, construction and offshore installation services to the energy industry. The Company’s operating segments include Northern Hemisphere and Life of Field, Southern Hemisphere and Global Projects, and Corporate. The Company provides products and services for subsea field development, including project management, design and engineering, procurement, fabrication, survey, installation and commissioning of production facilities on the seabed and the tie-back of these facilities to fixed or floating platforms or to the shore.