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

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 received a consensus rating of "Moderate Buy" from the five research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

SUBCY has been the topic of several research reports. Wall Street Zen upgraded shares of Subsea 7 from a "hold" rating to a "buy" rating in a research report on Tuesday, August 5th. UBS Group reaffirmed an "outperform" rating on shares of Subsea 7 in a research note on Thursday, May 1st. Finally, Royal Bank Of Canada cut shares of Subsea 7 from a "moderate buy" rating to a "hold" rating in a research report on Friday, August 1st.

Subsea 7 Price Performance

Shares of OTCMKTS:SUBCY traded up $0.02 during trading on Wednesday, reaching $19.27. The stock had a trading volume of 784 shares, compared to its average volume of 8,216. The stock has a market capitalization of $5.82 billion, a PE ratio of 21.65 and a beta of 1.43. Subsea 7 has a 52 week low of $12.15 and a 52 week high of $20.42. The business's 50-day moving average price is $18.99 and its 200 day moving average price is $16.71. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.04 and a quick ratio of 1.02.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.84 billion. Subsea 7 had a return on equity of 6.12% and a net margin of 3.80%. As a group, equities analysts predict that Subsea 7 will post 0.86 earnings per share for the current year.

Subsea 7 Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, May 22nd. Stockholders of record on Friday, May 16th were paid a $0.5822 dividend. 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 dividend yield of 529.0%. Subsea 7's dividend payout ratio (DPR) is currently 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.