JPMorgan Chase & Co. downgraded shares of Subsea 7 (OTCMKTS:SUBCY – Free Report) from an overweight rating to a neutral rating in a research note published on Thursday, MarketBeat reports.
Separately, BNP Paribas reiterated a “neutral” rating on shares of Subsea 7 in a report on Monday, September 9th.
View Our Latest Research Report on SUBCY
Subsea 7 Stock Performance
Subsea 7 (OTCMKTS:SUBCY – Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The energy company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. The business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.73 billion. On average, equities analysts forecast that Subsea 7 will post 0.86 EPS for the current year.
Subsea 7 Dividend Announcement
The company also recently declared a dividend, which will be paid on Thursday, November 7th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.2827 per share. The ex-dividend date of this dividend is Thursday, October 31st. Subsea 7’s dividend payout ratio (DPR) is 280.00%.
Subsea 7 Company Profile
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.
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