SBM Offshore (SBFFF) Projected to Post Earnings on Thursday

SBM Offshore (OTCMKTS:SBFFF) will likely be posting its results before the market opens on Thursday, February 26th. Analysts expect SBM Offshore to post earnings of $1.85 per share and revenue of $1.43 billion for the quarter.

SBM Offshore Stock Performance

OTCMKTS:SBFFF opened at $34.50 on Wednesday. SBM Offshore has a one year low of $20.55 and a one year high of $34.49. The stock has a 50-day simple moving average of $30.77 and a 200 day simple moving average of $28.47.

Analysts Set New Price Targets

Separately, Morgan Stanley reiterated an “overweight” rating on shares of SBM Offshore in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, SBM Offshore presently has a consensus rating of “Buy”.

About SBM Offshore

SBM Offshore is a global developer and operator of floating production solutions for the offshore energy industry. The company specialises in the design, engineering, construction, installation and operation of floating production storage and offloading (FPSO) vessels, turret mooring systems and single-point mooring (SPM) buoys. These assets enable oil and gas producers to exploit deepwater and remote hydrocarbon reserves by converting production fluids into marketable oil and gas, while storing and offloading cargo to shuttle tankers.

Headquartered in Schiedam, the Netherlands, SBM Offshore traces its origins back to the 1960s when the first turret-moored production vessel concept was demonstrated.