Acergy Stock Hits New 52-Week High (SUBC)

NEW YORK ( TheStreet) -- Acergy (Nasdaq: SUBC) hit a new 52-week high Tuesday as it traded at $25.95 compared with its previous 52-Week high of $25.93. Acergy is changing hands at $25.95 with 6,390 shares traded as of 9:30 a.m. ET. Average volume has been 176,700 shares over the past 30 days.

Acergy has a market cap of $9 billion and is part of the basic materials sector and energy industry. Shares are up 5.8% year to date as of the close of trading on Monday.

Subsea 7 S.A. operates as a seabed-to-surface engineering and construction contractor to the offshore oil and gas industry worldwide. It engages in the design, fabrication, installation, and commissioning of seabed-to-surface projects. The company has a P/E ratio of 19.9, above the average energy industry P/E ratio of 18.6 and below the S&P 500 P/E ratio of 21.8.

TheStreet Ratings rates Acergy as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full Acergy Ratings Report.

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