Subsea 7 S.A. to Issue Dividend of $0.28 (OTCMKTS:SUBCY)

Subsea 7 S.A. (OTCMKTS:SUBCY - Get Free Report) announced a dividend on Tuesday, April 9th, NASDAQ reports. Investors of record on Tuesday, May 7th will be paid a dividend of 0.2827 per share by the energy company on Tuesday, May 14th. The ex-dividend date is Monday, May 6th.

Subsea 7 Stock Down 0.7 %

Shares of OTCMKTS:SUBCY traded down $0.11 during midday trading on Tuesday, reaching $16.66. 7,379 shares of the company were exchanged, compared to its average volume of 13,851. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.14. Subsea 7 has a fifty-two week low of $9.85 and a fifty-two week high of $16.79. The stock has a fifty day simple moving average of $14.66 and a two-hundred day simple moving average of $14.06. The firm has a market cap of $5.07 billion, a PE ratio of 416.35 and a beta of 1.79.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The energy company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.23). Subsea 7 had a net margin of 0.26% and a return on equity of 0.35%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.66 billion. As a group, sell-side analysts forecast that Subsea 7 will post 0.9 earnings per share 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.