Subsea 7 (SUBCY) Stock Rating Lowered by ValuEngine
ValuEngine lowered shares of Subsea 7 (OTCMKTS:SUBCY) from a hold rating to a sell rating in a research report report published on Tuesday.
Several other analysts have also recently commented on the stock. Jefferies Group cut shares of Subsea 7 from a buy rating to a hold rating in a research note on Wednesday, March 28th. Zacks Investment Research cut shares of Subsea 7 from a hold rating to a sell rating in a research note on Friday, February 9th. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Subsea 7 has an average rating of Sell and an average target price of $17.00.
Subsea 7 opened at $15.23 on Tuesday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.64 and a current ratio of 1.67. Subsea 7 has a fifty-two week low of $12.50 and a fifty-two week high of $17.43. The firm has a market cap of $4.75 billion, a P/E ratio of 11.99 and a beta of 1.62.
About Subsea 7
Subsea 7 SA operates as a seabed-to-surface engineering, construction, and services contractor to the offshore 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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