Shares of Subsea 7 SA (OTCMKTS:SUBCY - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 26,753 shares were traded during trading, an increase of 275% from the previous session's volume of 7,139 shares.The stock last traded at $19.44 and had previously closed at $19.35.
Analysts Set New Price Targets
Separately, UBS Group restated an "outperform" rating on shares of Subsea 7 in a research note on Thursday, May 1st.
Read Our Latest Report on SUBCY
Subsea 7 Stock Performance
The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.04. The company's 50-day moving average price is $17.32 and its two-hundred day moving average price is $16.24. The stock has a market cap of $5.87 billion, a PE ratio of 30.36 and a beta of 1.45.
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, topping analysts' consensus estimates of ($0.03) by $0.09. The company had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.46 billion. Subsea 7 had a net margin of 2.78% and a return on equity of 4.47%. On average, equities research analysts forecast that Subsea 7 SA will post 0.86 EPS for the current year.
Subsea 7 Increases Dividend
The firm also recently disclosed a dividend, which was paid on Thursday, May 22nd. Investors of record on Friday, May 16th were paid a dividend of $0.5822 per share. The ex-dividend date was Thursday, May 15th. This represents a yield of 5.29%. This is a positive change from Subsea 7's previous dividend of $0.28. Subsea 7's payout ratio is presently 181.25%.
Subsea 7 Company Profile
(
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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