Subsea 7 (OTCMKTS:SUBCY) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Shares of Subsea 7 S.A. (OTCMKTS:SUBCY) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $16.22 and traded as low as $15.86. Subsea 7 shares last traded at $16.05, with a volume of 654 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Barclays raised Subsea 7 from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 4th.

Subsea 7 Stock Performance

The stock has a market capitalization of $4.81 billion, a P/E ratio of 79.55 and a beta of 1.70. The stock has a 50 day moving average of $16.20 and a 200 day moving average of $16.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.05 and a current ratio of 1.07.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly earnings data on Thursday, February 27th. The energy company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.15). Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.81 billion. Equities analysts predict that Subsea 7 S.A. 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.