Subsea 7 SA (SUBCY) Downgraded to Sell at Goldman Sachs Group, Inc. (The)

Subsea 7 SA (NASDAQ:SUBCY) was downgraded by Goldman Sachs Group, Inc. (The) to a “sell” rating in a research report issued to clients and investors on Tuesday.

Separately, Zacks Investment Research raised Subsea 7 SA from a “hold” rating to a “strong-buy” rating and set a $17.00 price target for the company in a research note on Saturday, July 29th.

Subsea 7 SA (SUBCY) opened at 16.37 on Tuesday. The firm has a 50 day moving average of $15.28 and a 200 day moving average of $14.92. The firm has a market capitalization of $5.33 billion and a PE ratio of 12.68. Subsea 7 SA has a one year low of $10.63 and a one year high of $17.00.

Subsea 7 SA (NASDAQ:SUBCY) last announced its quarterly earnings results on Wednesday, July 26th. The energy company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.16. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $936.00 million. Subsea 7 SA had a return on equity of 10.37% and a net margin of 14.26%. Equities analysts forecast that Subsea 7 SA will post $0.75 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://stocknewstimes.com/2017/10/11/subsea-7-sa-subcy-downgraded-to-sell-at-goldman-sachs-group-inc-the.html.

About Subsea 7 SA

Subsea 7 SA is a provider of seabed-to-surface engineering, construction and services contractor to the offshore energy industry. The Company’s segments include SURF and Conventional, i-Tech Services and Corporate. The SURF and Conventional segment includes Subsea Umbilicals, Risers and Flowlines (SURF) activities related to the engineering, procurement, construction (EPC) and installation of systems offshore, including the long-term Pipelay Support Vessel (PLSV) contracts in Brazil, and conventional services, including the fabrication, installation, extension and refurbishment of fixed and floating platforms and associated pipelines in shallow water environments.

Receive News & Ratings for Subsea 7 SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Subsea 7 SA and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply