Subsea 7 (OTCMKTS:SUBCY) Reaches New 12-Month High at $16.99

Subsea 7 S.A. (OTCMKTS:SUBCY) hit a new 52-week high during trading on Thursday . The company traded as high as $16.99 and last traded at $16.97, with a volume of 4381 shares traded. The stock had previously closed at $16.79.

Subsea 7 Stock Up 1.1 %

The business’s 50 day moving average is $16.06 and its 200-day moving average is $14.53. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.07 and a current ratio of 1.10. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 84.85 and a beta of 1.77.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly earnings results on Thursday, April 25th. The energy company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.18. Subsea 7 had a net margin of 1.02% and a return on equity of 1.44%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.30 billion. On average, sell-side analysts predict that Subsea 7 S.A. will post 0.9 EPS for the current fiscal year.

Subsea 7 Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th will be issued a $0.2827 dividend. The ex-dividend date of this dividend is Monday, May 6th. Subsea 7’s payout ratio is currently 140.00%.

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.