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

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

Subsea 7 Stock Down 3.2 %

SUBCY stock opened at $15.60 on Tuesday. The company’s 50 day simple moving average is $17.08 and its 200-day simple moving average is $17.53. The firm has a market capitalization of $4.75 billion, a PE ratio of 78.00 and a beta of 1.76. Subsea 7 has a 12 month low of $12.68 and a 12 month high of $19.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.07 and a quick ratio of 1.05.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SUBCY. JPMorgan Chase & Co. lowered shares of Subsea 7 from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 17th. BNP Paribas restated a “neutral” rating on shares of Subsea 7 in a research report on Monday, September 9th.

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.