JPMorgan Chase & Co. lowered shares of Subsea 7 (OTCMKTS:SUBCY – Free Report) from an overweight rating to a neutral rating in a report published on Thursday, Marketbeat reports.
Separately, BNP Paribas reaffirmed a “neutral” rating on shares of Subsea 7 in a report on Monday, September 9th.
View Our Latest Report 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 earnings per share (EPS) 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 firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.73 billion. Analysts predict that Subsea 7 will post 0.86 earnings per share for the current year.
Subsea 7 Dividend Announcement
The business also recently declared a dividend, which will be paid on Thursday, November 7th. Investors of record on Thursday, October 31st will be issued a dividend of $0.2827 per share. The ex-dividend date of this dividend is Thursday, October 31st. Subsea 7’s dividend payout ratio is currently 280.00%.
About Subsea 7
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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