Subsea 7 S.A. to Issue Dividend of $0.28 (OTCMKTS:SUBCY)

Subsea 7 S.A. (OTCMKTS:SUBCY) announced a dividend on Wednesday, October 2nd, NASDAQ reports. Investors of record on Thursday, October 31st will be paid a dividend of 0.2827 per share by the energy company on Thursday, November 7th. The ex-dividend date is Thursday, October 31st.

Subsea 7 Stock Performance

Subsea 7 stock traded up $0.25 during mid-day trading on Wednesday, hitting $16.52. 1,218 shares of the company’s stock traded hands, compared to its average volume of 22,639. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 81.35 and a beta of 1.77. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.07 and a quick ratio of 1.05. The firm has a 50 day simple moving average of $17.75 and a two-hundred day simple moving average of $17.50. Subsea 7 has a fifty-two week low of $12.38 and a fifty-two week high of $19.60.

Subsea 7 (OTCMKTS:SUBCY) last issued its quarterly earnings data on Thursday, July 25th. The energy company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.04). Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.73 billion. On average, research analysts expect that Subsea 7 will post 0.86 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas reiterated a “neutral” rating on shares of Subsea 7 in a research report on Monday, September 9th.

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.