SBM Offshore (OTCMKTS:SBFFY – Get Free Report) was upgraded by research analysts at Barclays from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.
SBM Offshore Trading Up 3.1%
SBM Offshore stock opened at $40.76 on Monday. SBM Offshore has a fifty-two week low of $23.52 and a fifty-two week high of $44.15. The firm has a 50 day moving average price of $37.46 and a 200 day moving average price of $38.63.
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.
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