Subsea 7 SA (OTCMKTS:SUBCY - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $19.62 and last traded at $19.62, with a volume of 1409 shares traded. The stock had previously closed at $19.43.
Analyst Upgrades and Downgrades
Separately, UBS Group reaffirmed an "outperform" rating on shares of Subsea 7 in a report on Thursday, May 1st.
View Our Latest Stock Report on Subsea 7
Subsea 7 Trading Up 0.1%
The company has a fifty day moving average of $17.50 and a 200-day moving average of $16.28. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 30.63 and a beta of 1.45. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12.
Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The energy company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.09. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. Subsea 7 had a net margin of 2.78% and a return on equity of 4.47%. As a group, equities research analysts anticipate that Subsea 7 SA will post 0.86 earnings per share for the current fiscal year.
Subsea 7 Increases Dividend
The company also recently declared a dividend, which was paid on Thursday, May 22nd. Stockholders of record on Friday, May 16th were paid a $0.5822 dividend. This is a boost from Subsea 7's previous dividend of $0.28. The ex-dividend date was Thursday, May 15th. This represents a dividend yield of 5.29%. Subsea 7's dividend payout ratio is 181.25%.
About Subsea 7
(
Get Free Report)
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.
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