SBM Offshore (OTCMKTS:SBFFF – Get Free Report)’s share price was up 0.5% on Thursday. The stock traded as high as $39.00 and last traded at $39.00. Approximately 1,084 shares traded hands during trading, an increase of 136% from the average daily volume of 460 shares. The stock had previously closed at $38.80.
Wall Street Analyst Weigh In
Separately, Royal Bank Of Canada began coverage on shares of SBM Offshore in a report on Tuesday, July 28th. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.
Check Out Our Latest Analysis on SBM Offshore
SBM Offshore Price Performance
The company’s fifty day moving average is $40.66 and its two-hundred day moving average is $38.04.
About SBM Offshore
SBM Offshore N.V. is a Netherlands-based provider of floating offshore energy infrastructure and services. The company specializes in the design, engineering, construction, installation, and operation of floating production systems used to develop offshore oil and gas fields.
Its principal products include floating production, storage and offloading vessels (FPSOs), which process hydrocarbons produced from subsea wells, store the output, and transfer it to shuttle tankers. SBM Offshore also provides related offshore engineering, project management, operations, maintenance, and marine services, and develops other floating solutions for offshore energy applications.
The company traces its origins to 1969 and has delivered and operated offshore production systems for clients in multiple regions, including offshore South America, West Africa, and other major offshore energy markets.
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