Jefferies Financial Group Comments on Subsea 7 SA’s Q4 2018 Earnings (OTCMKTS:SUBCY)
Subsea 7 SA (OTCMKTS:SUBCY) – Stock analysts at Jefferies Financial Group cut their Q4 2018 earnings estimates for Subsea 7 in a research note issued to investors on Thursday, November 15th, according to Zacks Investment Research. Jefferies Financial Group analyst M. Wilson now anticipates that the energy company will post earnings of $0.10 per share for the quarter, down from their prior estimate of $0.15. Jefferies Financial Group has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for Subsea 7’s Q1 2019 earnings at $0.02 EPS, Q4 2019 earnings at $0.04 EPS and Q1 2020 earnings at $0.16 EPS.
Several other equities research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Subsea 7 from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Wednesday, November 7th. Citigroup upgraded shares of Subsea 7 from a “neutral” rating to a “buy” rating in a research note on Thursday, November 15th. Finally, Morgan Stanley upgraded shares of Subsea 7 from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, September 5th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $14.00.
Subsea 7 Company Profile
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.
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