|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||5.78 - 5.84|
|52-week range||3.08 - 10.98|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Oil services firm Subsea 7 <SUBC.OL> announced on Thursday that it will cut its global workforce by a quarter and reduce its fleet of specialized vessels by up to a third to preserve cash following the slump in the oil market. Oil companies have reduced spending on new projects after oil prices hit decade lows earlier this year due to excess supply as travel and other restrictions imposed to contain the coronavirus pandemic slashed demand for fossil fuels. "Faced with a significant deterioration in the oil and gas market, we are taking swift and decisive action to address the elements under our control," Subsea 7's Chief Executive John Evans said in a statement.
The Subsea 7 Sa (OSL:SUBC) share price has risen by 1.24% over the past month and it’s currently trading at 54.54. For investors considering whether to buy, ho...
It's been a mediocre week for Subsea 7 S.A. (OB:SUBC) shareholders, with the stock dropping 17% to kr81.74 in the week...
Stock pickers are generally looking for stocks that will outperform the broader market. And in our experience, buying...
Offshore services provider Subsea 7 <SUBC.OL> cut its 2019 revenue outlook on Thursday but predicted a rebound next year as demand for oilfield services and from renewable energy providers is set to increase, boosting its shares almost 6%. Subsea 7 now expects a slight decline in revenue this year from 2018, while it had previously expected it to remain unchanged. Subsea 7's order backlog, a key indicator of future activity, rose to $4.92 billion (£3.83 billion) at the end of the third quarter from $4.59 billion (£3.57 billion) three months prior.