Subsea 7 (OTCMKTS:SUBCY) Share Price Passes Below Fifty Day Moving Average – What’s Next?

Shares of Subsea 7 S.A. (OTCMKTS:SUBCY) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $15.83 and traded as low as $15.57. Subsea 7 shares last traded at $15.65, with a volume of 6,590 shares traded.

Analysts Set New Price Targets

SUBCY has been the subject of a number of recent research reports. BNP Paribas restated a “neutral” rating on shares of Subsea 7 in a research note on Monday, September 9th. JPMorgan Chase & Co. cut shares of Subsea 7 from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 17th.

Subsea 7 Stock Up -0.1 %

The business has a fifty day simple moving average of $15.81 and a two-hundred day simple moving average of $17.14. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 78.15 and a beta of 1.74. The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 0.16.

Subsea 7 Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, November 7th. Stockholders of record on Thursday, October 31st were issued a $0.2827 dividend. The ex-dividend date of this dividend was Thursday, October 31st. Subsea 7’s payout ratio is 100.00%.

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.