Subsea 7 (OTCMKTS:SUBCY) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Subsea 7 (OTCMKTS:SUBCY - Free Report) from a hold rating to a buy rating in a report issued on Thursday morning.

Separately, UBS Group reiterated an "outperform" rating on shares of Subsea 7 in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Subsea 7 Trading Down 3.1%

Shares of OTCMKTS SUBCY traded down $0.64 during trading hours on Thursday, hitting $19.67. The company's stock had a trading volume of 11,137 shares, compared to its average volume of 9,172. The business has a 50-day simple moving average of $18.44 and a 200-day simple moving average of $16.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.02 and a current ratio of 1.04. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 30.74 and a beta of 1.45. Subsea 7 has a 12 month low of $12.15 and a 12 month high of $20.42.

Subsea 7 (OTCMKTS:SUBCY - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The energy company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.09. The business had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.46 billion. Subsea 7 had a return on equity of 4.47% and a net margin of 2.78%. On average, analysts anticipate that Subsea 7 will post 0.86 earnings per share for the current fiscal year.

Subsea 7 Increases Dividend

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

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.