SBM Offshore (SBFFY) Projected to Announce Earnings on Thursday

SBM Offshore (OTCMKTS:SBFFY) will likely be announcing its resultson Thursday, August 6th. Analysts expect SBM Offshore to post earnings of $3.23 per share and revenue of $4.3940 billion for the quarter.

SBM Offshore Stock Performance

SBM Offshore stock opened at $38.36 on Thursday. SBM Offshore has a 52 week low of $23.52 and a 52 week high of $44.15. The business’s 50-day simple moving average is $37.75 and its 200-day simple moving average is $38.08.

Analyst Upgrades and Downgrades

Separately, Barclays downgraded SBM Offshore from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

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.