SBM Offshore (OTCMKTS:SBFFY – Get Free Report) was upgraded by Barclays from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.
SBM Offshore Price Performance
SBFFY opened at $33.41 on Monday. The business’s 50-day moving average price is $29.02 and its two-hundred day moving average price is $27.10. SBM Offshore has a 1 year low of $17.50 and a 1 year high of $33.41.
About SBM Offshore
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.
Featured Stories
- Five stocks we like better than SBM Offshore
- Trump’s AI Secret: 100X Faster Than Nvidia
- Trump Did WHAT??
- Do not delete, read immediately
- How a Family Trust May Be Able To Help Preserve Your Wealth
- This is the Exact Moment the AI Boom Will End
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.
