Subsea 7 (OTCMKTS:SUBCY) Cut to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of Subsea 7 (OTCMKTS:SUBCY) 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.

Subsea 7 Stock Performance

Shares of SUBCY opened at $16.06 on Thursday. Subsea 7 has a 12 month low of $12.56 and a 12 month high of $19.60. The stock has a fifty day moving average price of $17.28 and a 200-day moving average price of $17.54. 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 firm has a market cap of $4.89 billion, a PE ratio of 80.29 and a beta of 1.76.

Subsea 7 (OTCMKTS:SUBCY) 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.