Before you enable SNMP in PHP 7, you first need to make sure that you have the proper SNMP packages installed on the Ubuntu System.
Install the SNMP packages
sudo apt-get install snmpd snmp libsnmp-dev
Before you install the PHP package, make sure you download and install the following package:
apt-get install snmp-mibs-downloader
This package will help translate OIDs into human readable strings
Now you can install the php extension.
apt-get install php-snmp
Then restart the followings:
service snmpd restart service apache2 restart or Service nginx restart
Reference
Install and Manage MIBS file
https://packages.ubuntu.com/xenial/net/snmp-mibs-downloader