Subsea 7 SA (OTCMKTS:SUBCY - Get Free Report) shares hit a new 52-week high during 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.
Analysts Set New Price Targets
Separately, UBS Group reiterated an "outperform" rating on shares of Subsea 7 in a research note on Thursday, May 1st.
Check Out Our Latest Stock Report on SUBCY
Subsea 7 Price Performance
The stock has a 50 day simple moving average of $17.68 and a two-hundred day simple moving average of $16.34. The firm has a market cap of $5.92 billion, a PE ratio of 30.59 and a beta of 1.45. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.04.
Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The energy company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.09. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.46 billion. Subsea 7 had a return on equity of 4.47% and a net margin of 2.78%. Sell-side analysts expect that Subsea 7 SA will post 0.86 earnings per share for the current year.
Subsea 7 Increases Dividend
The firm also recently declared a dividend, which was paid on Thursday, May 22nd. Investors of record on Friday, May 16th were paid a $0.5822 dividend. This represents a dividend yield of 5.29%. The ex-dividend date was Thursday, May 15th. This is a positive change from Subsea 7's previous dividend of $0.28. Subsea 7's payout ratio is currently 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.
See Also
Before you consider Subsea 7, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Subsea 7 wasn't on the list.
While Subsea 7 currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
