Subsea 7 S.A. (OTCMKTS:SUBCY) to Issue Dividend Increase – $0.58 Per Share

Subsea 7 S.A. (OTCMKTS:SUBCYGet Free Report) declared a dividend on Tuesday, May 13th, investing.com reports. Shareholders of record on Friday, May 16th will be paid a dividend of 0.5822 per share by the energy company on Thursday, May 22nd. This represents a yield of 5.29%. The ex-dividend date of this dividend is Thursday, May 15th. This is a 106.0% increase from Subsea 7’s previous dividend of $0.28.

Subsea 7 Trading Up 2.0%

OTCMKTS SUBCY traded up $0.32 on Tuesday, reaching $16.14. 26,414 shares of the company were exchanged, compared to its average volume of 6,360. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16. The business’s fifty day moving average price is $14.78 and its 200 day moving average price is $15.68. The stock has a market capitalization of $4.88 billion, a P/E ratio of 80.70 and a beta of 1.41. Subsea 7 has a fifty-two week low of $12.15 and a fifty-two week high of $19.60.

Subsea 7 (OTCMKTS:SUBCYGet Free Report) last released its quarterly earnings data on Wednesday, April 30th. The energy company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.09. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Subsea 7 had a net margin of 1.63% and a return on equity of 2.37%. Analysts forecast that Subsea 7 will post 0.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SUBCY. UBS Group reaffirmed an “outperform” rating on shares of Subsea 7 in a research note on Thursday, May 1st. Barclays raised shares of Subsea 7 from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 4th.

Check Out Our Latest Stock Analysis on Subsea 7

Subsea 7 Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Subsea 7 (OTCMKTS:SUBCY)

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