Subsea 7 SA (OTCMKTS:SUBCY) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Subsea 7 SA has received an average brokerage rating of "Moderate Buy" from five research firms, with three holding, one buying, and one strongly buying the stock.
• The company recently increased its dividend to $0.5822, significantly up from the previous $0.28, resulting in a remarkable dividend yield of 529.0%.
• In its latest quarterly earnings, Subsea 7 reported $0.45 earnings per share, surpassing the consensus estimate of $0.34, although its revenue fell short of expectations at $1.76 billion.

Subsea 7 SA (OTCMKTS:SUBCY - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the five brokerages that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company.

SUBCY has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Subsea 7 from a "hold" rating to a "buy" rating in a research report on Tuesday. Royal Bank Of Canada downgraded Subsea 7 from a "moderate buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, UBS Group reiterated an "outperform" rating on shares of Subsea 7 in a research report on Thursday, May 1st.

Subsea 7 Stock Performance

Shares of OTCMKTS:SUBCY traded up $0.02 during midday trading on Wednesday, reaching $19.27. 784 shares of the company's stock traded hands, compared to its average volume of 8,216. Subsea 7 has a one year low of $12.15 and a one year high of $20.42. The stock has a 50 day moving average of $18.99 and a 200 day moving average of $16.71. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 21.65 and a beta of 1.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.04.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last posted its earnings results on Thursday, July 31st. The energy company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.11. Subsea 7 had a net margin of 3.80% and a return on equity of 6.12%. The business had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.84 billion. As a group, equities research analysts anticipate that Subsea 7 will post 0.86 EPS for the current fiscal year.

Subsea 7 Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, May 22nd. Stockholders 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 dividend yield of 529.0%. This is a boost from Subsea 7's previous dividend of $0.28. Subsea 7's dividend payout ratio is 130.34%.

Subsea 7 Company Profile

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.