SBM Offshore (OTCMKTS:SBFFY – Get Free Report) shares were down 4.5% during mid-day trading on Friday . The company traded as low as $39.12 and last traded at $39.12. Approximately 1,794 shares changed hands during trading, a decline of 4% from the average daily volume of 1,874 shares. The stock had previously closed at $40.95.
Wall Street Analysts Forecast Growth
Separately, Barclays lowered shares of SBM Offshore from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.
Read Our Latest Analysis on SBFFY
SBM Offshore Stock Down 4.5%
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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