Subsea 7 (OTCMKTS:SUBCY) Sees Strong Trading Volume - Here's What Happened

Key Points

• Subsea 7 experienced a significant increase in trading volume, with approximately 42,616 shares exchanged, marking a 487% rise from the previous day's volume.
• Analysts have mixed opinions on Subsea 7, with ratings ranging from "outperform" by UBS to a downgrade from "moderate buy" to "hold" by Royal Bank of Canada, but the stock holds an average rating of "Moderate Buy."
• The company reported earnings per share of $0.45 for the last quarter, exceeding the analysts' expectations of $0.34, and has recently increased its dividend significantly, yielding 529.0%.

Subsea 7 SA (OTCMKTS:SUBCY - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 42,616 shares changed hands during mid-day trading, an increase of 487% from the previous session's volume of 7,259 shares.The stock last traded at $19.32 and had previously closed at $19.00.

Analyst Ratings Changes

Several equities research analysts recently commented on SUBCY shares. UBS Group reiterated an "outperform" rating on shares of Subsea 7 in a research report on Thursday, May 1st. Royal Bank Of Canada lowered shares of Subsea 7 from a "moderate buy" rating to a "hold" rating in a report on Friday, August 1st. Finally, Wall Street Zen upgraded shares of Subsea 7 from a "hold" rating to a "buy" rating in a report on Tuesday. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Subsea 7 presently has an average rating of "Moderate Buy".

Subsea 7 Trading Up 1.0%

The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.12. The business's 50 day moving average is $18.85 and its two-hundred day moving average is $16.67. The firm has a market capitalization of $5.80 billion, a P/E ratio of 21.56 and a beta of 1.43.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The energy company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.11. The firm had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.84 billion. Subsea 7 had a return on equity of 6.12% and a net margin of 3.80%. Analysts expect that Subsea 7 SA will post 0.86 EPS for the current year.

Subsea 7 Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, May 22nd. Investors of record on Friday, May 16th were issued a $0.5822 dividend. This is an increase from Subsea 7's previous dividend of $0.28. The ex-dividend date was Thursday, May 15th. This represents a yield of 529.0%. Subsea 7's dividend payout ratio is presently 130.34%.

About Subsea 7

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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