Subsea 7 SA (OTCMKTS:SUBCY - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $19.62 and last traded at $19.62, with a volume of 1409 shares trading hands. The stock had previously closed at $19.43.
Wall Street Analyst Weigh In
Separately, UBS Group reaffirmed an "outperform" rating on shares of Subsea 7 in a report on Thursday, May 1st.
Check Out Our Latest Report on Subsea 7
Subsea 7 Trading Up 0.7%
The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $5.91 billion, a PE ratio of 30.56 and a beta of 1.45. The business's 50-day simple moving average is $17.41 and its two-hundred day simple moving average is $16.26.
Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last issued its earnings results on Wednesday, April 30th. The energy company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.09. Subsea 7 had a net margin of 2.78% and a return on equity of 4.47%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. On average, analysts predict that Subsea 7 SA will post 0.86 earnings per share for the current year.
Subsea 7 Increases Dividend
The company also recently disclosed a dividend, which was paid on Thursday, May 22nd. Shareholders of record on Friday, May 16th were paid a dividend of $0.5822 per share. This is a positive change from Subsea 7's previous dividend of $0.28. This represents a yield of 5.29%. The ex-dividend date of this dividend was Thursday, May 15th. Subsea 7's dividend payout ratio (DPR) 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.
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