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

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

Subsea 7 Price Performance

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

Subsea 7 (OTCMKTS:SUBCY) last released its earnings results on Thursday, February 29th. The energy company reported ($0.06) earnings per share (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 business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.66 billion. As a group, equities research analysts predict that Subsea 7 S.A. will post 0.9 earnings per share for the current year.

Subsea 7 Cuts Dividend

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