Subsea 7 (OTCMKTS:SUBCY) Stock Rating Lowered by JPMorgan Chase & Co.

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

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

Subsea 7 Stock Down 0.8 %

SUBCY opened at $16.06 on Thursday. The business has a 50 day moving average price of $17.28 and a two-hundred day moving average price of $17.53. 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 market cap of $4.89 billion, a PE ratio of 80.29 and a beta of 1.76. Subsea 7 has a 52 week low of $12.56 and a 52 week high of $19.60.

Subsea 7 (OTCMKTS:SUBCY) last released its earnings results on Thursday, July 25th. The energy company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.04). Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.73 billion. As a group, research analysts anticipate that Subsea 7 will post 0.86 EPS for the current year.

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.