JPMorgan Chase & Co. downgraded shares of Subsea 7 (OTCMKTS:SUBCY – Free Report) from an overweight rating to a neutral rating in a research note released on Thursday, Marketbeat reports.
Separately, BNP Paribas reiterated a “neutral” rating on shares of Subsea 7 in a report on Monday, September 9th.
Check Out Our Latest Analysis on Subsea 7
Subsea 7 Stock Down 1.0 %
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 the consensus estimate of $0.24 by ($0.04). The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.73 billion. Subsea 7 had a return on equity of 2.37% and a net margin of 1.63%. As a group, equities research analysts anticipate that Subsea 7 will post 0.86 EPS for the current fiscal year.
Subsea 7 Dividend Announcement
The firm also recently declared a dividend, which will be paid on Thursday, November 7th. Shareholders of record on Thursday, October 31st will be issued 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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