Subsea 7 S.A. (OTCMKTS:SUBCY – Get Free Report) 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.
Get Our Latest Analysis on Subsea 7
Subsea 7 Stock Up 0.8 %
Subsea 7 (OTCMKTS:SUBCY – Get Free Report) 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.
Featured Articles
- Five stocks we like better than Subsea 7
- What Are Dividend Contenders? Investing in Dividend Contenders
- Texas Roadhouse Stock Steering for New Highs This Year
- How is Compound Interest Calculated?
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- Stock Market Upgrades: What Are They?
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for Subsea 7 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Subsea 7 and related companies with MarketBeat.com's FREE daily email newsletter.