Shares of Subsea 7 SA (OTCMKTS:SUBCY - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 26,078 shares traded hands during trading, an increase of 271% from the previous session's volume of 7,029 shares.The stock last traded at $20.27 and had previously closed at $20.12.
Wall Street Analyst Weigh In
SUBCY has been the subject of several research analyst reports. Wall Street Zen upgraded Subsea 7 from a "hold" rating to a "buy" rating in a research report on Thursday. UBS Group reiterated an "outperform" rating on shares of Subsea 7 in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".
Read Our Latest Report on SUBCY
Subsea 7 Price Performance
The stock has a market capitalization of $5.90 billion, a P/E ratio of 30.50 and a beta of 1.45. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.04 and a quick ratio of 1.02. The firm has a fifty day moving average of $18.50 and a two-hundred day moving average of $16.58.
Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The energy company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.09. Subsea 7 had a return on equity of 4.47% and a net margin of 2.78%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.46 billion. On average, analysts predict that Subsea 7 SA will post 0.86 EPS for the current year.
Subsea 7 Increases Dividend
The company also recently announced a dividend, which was paid on Thursday, May 22nd. Investors of record on Friday, May 16th were given a $0.5822 dividend. 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 dividend 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.
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