Subsea 7 (OTCMKTS:SUBCY) Sets New 52-Week High at $16.99

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

Subsea 7 Price Performance

The firm has a market capitalization of $5.16 billion, a PE ratio of 84.85 and a beta of 1.77. The firm’s fifty day simple moving average is $16.06 and its 200-day simple moving average is $14.53. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of 0.17.

Subsea 7 (OTCMKTS:SUBCY) last announced its earnings results on Thursday, April 25th. The energy company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.18. Subsea 7 had a net margin of 1.02% and a return on equity of 1.44%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.30 billion. On average, research analysts forecast that Subsea 7 S.A. will post 0.9 earnings per share for the current fiscal year.

Subsea 7 Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th will be paid a dividend of $0.2827 per share. The ex-dividend date of this dividend is Monday, May 6th. Subsea 7’s dividend payout ratio (DPR) is presently 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.