Subsea 7 (OTCMKTS:SUBCY) Stock Price Down 1.5% - What's Next?

Shares of Subsea 7 SA (OTCMKTS:SUBCY - Get Free Report) were down 1.5% during mid-day trading on Monday . The company traded as low as $19.29 and last traded at $19.29. Approximately 12,624 shares changed hands during mid-day trading, an increase of 78% from the average daily volume of 7,098 shares. The stock had previously closed at $19.58.

Analyst Upgrades and Downgrades

Separately, UBS Group restated an "outperform" rating on shares of Subsea 7 in a research report on Thursday, May 1st.

Subsea 7 Price Performance

The business's 50 day moving average price is $17.76 and its two-hundred day moving average price is $16.38. The stock has a market cap of $5.83 billion, a P/E ratio of 30.14 and a beta of 1.45. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.12.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The energy company reported $0.06 EPS for the quarter, topping 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 business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.46 billion. As a group, sell-side analysts expect that Subsea 7 SA will post 0.86 earnings per share for the current fiscal year.

Subsea 7 Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, May 22nd. Investors of record on Friday, May 16th were given a dividend of $0.5822 per share. This is an increase from Subsea 7's previous dividend of $0.28. The ex-dividend date of this dividend was Thursday, May 15th. This represents a yield of 5.29%. Subsea 7's dividend payout ratio is 181.25%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.