Subsea 7 (OTCMKTS:SUBCY) Releases Quarterly Earnings Results, Misses Estimates By $0.15 EPS

Subsea 7 (OTCMKTS:SUBCY) released its quarterly earnings results on Thursday. The energy company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.15), Zacks reports. Subsea 7 had a net margin of 1.63% and a return on equity of 2.37%.

Subsea 7 Stock Down 4.6 %

OTCMKTS SUBCY traded down $0.77 during trading on Thursday, hitting $15.84. 3,030 shares of the company traded hands, compared to its average volume of 5,349. Subsea 7 has a 12 month low of $13.80 and a 12 month high of $19.60. The business has a fifty day simple moving average of $16.53 and a 200 day simple moving average of $16.59. The company has a market capitalization of $4.79 billion, a P/E ratio of 79.20 and a beta of 1.71. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16.

Subsea 7 Company Profile

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.