SBM Offshore (OTCMKTS:SBFFY – Get Free Report)’s share price passed below its two hundred day moving average during trading on Monday. The stock has a two hundred 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 traded.
Analyst Upgrades and Downgrades
Separately, Barclays raised SBM Offshore from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat.com, SBM Offshore presently has a consensus rating of “Strong Buy”.
Check Out Our Latest Stock Analysis on SBFFY
SBM Offshore Stock Down 5.6%
The stock’s 50 day moving average price is $41.05 and its 200 day moving average price is $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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