Subsea 7 (OTCMKTS:SUBCY) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

Subsea 7 S.A. (OTCMKTS:SUBCY) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $17.08 and traded as low as $16.12. Subsea 7 shares last traded at $16.12, with a volume of 2,436 shares.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SUBCY. JPMorgan Chase & Co. downgraded shares of Subsea 7 from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 17th. BNP Paribas reiterated a “neutral” rating on shares of Subsea 7 in a research note on Monday, September 9th.

Subsea 7 Stock Up 0.8 %

The stock has a market capitalization of $4.91 billion, a PE ratio of 80.60 and a beta of 1.76. The firm’s fifty day moving average is $17.08 and its 200-day moving average is $17.52. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 0.16.

Subsea 7 (OTCMKTS:SUBCY) last posted its quarterly earnings results on Thursday, July 25th. The energy company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.04). The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. On average, equities research analysts predict that Subsea 7 S.A. will post 0.86 earnings per share for the current year.

Subsea 7 Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, November 7th. Shareholders of record on Thursday, October 31st will be issued a $0.2827 dividend. The ex-dividend date is Thursday, October 31st. Subsea 7’s dividend payout ratio (DPR) is presently 280.00%.

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.