SBM Offshore (OTCMKTS:SBFFY – Get Free Report) passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $39.08 and traded as low as $37.68. SBM Offshore shares last traded at $37.68, with a volume of 168 shares.
Wall Street Analysts Forecast Growth
Separately, Barclays upgraded SBM Offshore from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.
Check Out Our Latest Stock Report on SBM Offshore
SBM Offshore Price Performance
The company has a 50 day moving average of $41.05 and a 200 day moving average of $39.08.
SBM Offshore Company Profile
SBM Offshore N.V. is a Netherlands-based provider of floating production solutions for the offshore energy industry. The company designs, builds, installs, commissions and operates floating facilities used to produce, store and offload hydrocarbons from offshore fields.
Its principal products and services include floating production, storage and offloading vessels (FPSOs), floating storage and offloading units (FSOs), and related engineering, procurement, construction, installation and operations services.
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