Subsea 7 (OTCMKTS:SUBCY) Hits New 1-Year High at $16.96

Subsea 7 S.A. (OTCMKTS:SUBCY) reached a new 52-week high during trading on Friday . The stock traded as high as $16.96 and last traded at $16.65, with a volume of 2101 shares traded. The stock had previously closed at $16.61.

Subsea 7 Price Performance

The firm has a 50 day moving average price of $14.91 and a 200 day moving average price of $14.14. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.14. The stock has a market cap of $5.07 billion, a P/E ratio of 416.25 and a beta of 1.79.

Subsea 7 (OTCMKTS:SUBCY) last posted its quarterly earnings data on Thursday, February 29th. The energy company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.23). Subsea 7 had a return on equity of 0.35% and a net margin of 0.26%. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.66 billion. On average, analysts forecast that Subsea 7 S.A. will post 0.9 EPS for the current fiscal year.

Subsea 7 Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th will be paid a $0.2827 dividend. The ex-dividend date is Monday, May 6th. Subsea 7’s dividend payout ratio (DPR) is currently 950.24%.

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.