Subsea 7 (OTCMKTS:SUBCY) Stock Passes Below 50 Day Moving Average – Should You Sell?

Subsea 7 S.A. (OTCMKTS:SUBCY) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $17.08 and traded as low as $16.12. Subsea 7 shares last traded at $16.12, with a volume of 2,436 shares.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Subsea 7 from an “overweight” rating to a “neutral” rating in a research report on Thursday, October 17th. BNP Paribas reissued a “neutral” rating on shares of Subsea 7 in a research note on Monday, September 9th.

Subsea 7 Stock Performance

The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 0.16. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 80.60 and a beta of 1.76. The company has a 50 day simple moving average of $17.08 and a 200 day simple moving average of $17.52.

Subsea 7 (OTCMKTS:SUBCY) last issued its earnings results on Thursday, July 25th. The energy company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.04). The business 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 forecast that Subsea 7 S.A. will post 0.86 EPS for the current year.

Subsea 7 Announces Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, November 7th. Stockholders 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 is currently 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.