JPMorgan Chase & Co. downgraded shares of Subsea 7 (OTCMKTS:SUBCY – Free Report) from an overweight rating to a neutral rating in a research report sent to investors on Thursday, MarketBeat reports.
Separately, BNP Paribas reiterated a “neutral” rating on shares of Subsea 7 in a research note on Monday, September 9th.
View Our Latest Analysis on SUBCY
Subsea 7 Stock Performance
Subsea 7 (OTCMKTS:SUBCY – Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The energy company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Subsea 7 had a net margin of 1.63% and a return on equity of 2.37%. Equities research analysts predict that Subsea 7 will post 0.86 earnings per share for the current fiscal year.
Subsea 7 Dividend Announcement
The company also recently announced a dividend, which will be paid on Thursday, November 7th. Investors of record on Thursday, October 31st will be paid a $0.2827 dividend. 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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