Subsea 7 (OTCMKTS:SUBCY) Stock Rating Lowered by Wall Street Zen

Wall Street Zen downgraded shares of Subsea 7 (OTCMKTS:SUBCY) from a buy rating to a hold rating in a research report released on Wednesday morning.

Separately, UBS Group restated an “outperform” rating on shares of Subsea 7 in a research note on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Subsea 7 Trading Down 2.0%

Shares of OTCMKTS:SUBCY opened at $19.04 on Wednesday. Subsea 7 has a 12-month low of $12.15 and a 12-month high of $20.42. The stock has a market cap of $5.75 billion, a PE ratio of 21.39 and a beta of 1.43. The business has a 50 day moving average of $18.76 and a 200-day moving average of $16.65. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.12.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly earnings data on Thursday, July 31st. The energy company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. Subsea 7 had a return on equity of 6.12% and a net margin of 3.80%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.84 billion. As a group, equities research analysts forecast that Subsea 7 will post 0.86 earnings per share for the current year.

Subsea 7 Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, May 22nd. Shareholders of record on Friday, May 16th were paid a dividend of $0.5822 per share. This is a boost from Subsea 7’s previous dividend of $0.28. The ex-dividend date was Thursday, May 15th. This represents a yield of 529.0%. Subsea 7’s dividend payout ratio is 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.