SBM Offshore (OTCMKTS:SBFFY – Get Free Report) was upgraded by equities researchers at Barclays from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.
SBM Offshore Trading Up 3.1%
Shares of OTCMKTS:SBFFY opened at $40.76 on Monday. The firm’s 50 day simple moving average is $37.46 and its 200 day simple moving average is $38.63. SBM Offshore has a fifty-two week low of $23.52 and a fifty-two week high of $44.15.
SBM Offshore Company Profile
SBM Offshore is a Netherlands‐based provider of floating production, storage and offloading (FPSO) vessels and related services to the offshore oil and gas industry. Founded in 1965 as part of Royal IHC and listed as an independent entity in 2005, the company has established itself as a specialist in the design, engineering, construction and leasing of floating production systems. Headquartered in Schiedam, the firm leverages decades of experience in turret mooring technology and deepwater installations to serve oil and gas operators worldwide.
The company’s core offerings include turnkey FPSO solutions, which encompass front‐end engineering design, detailed engineering, procurement, construction, installation and commissioning.
Further Reading
- Five stocks we like better than SBM Offshore
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Receive News & Ratings for SBM Offshore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SBM Offshore and related companies with MarketBeat.com's FREE daily email newsletter.
