SBM Offshore (OTCMKTS:SBFFY) Upgraded by Barclays to Strong-Buy Rating

SBM Offshore (OTCMKTS:SBFFY) was upgraded by investment analysts at Barclays to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

SBM Offshore Stock Performance

SBM Offshore stock opened at $19.00 on Monday. SBM Offshore has a 1-year low of $12.75 and a 1-year high of $19.70. The firm has a 50-day moving average of $18.29 and a 200-day moving average of $16.92.

SBM Offshore Company Profile

SBM Offshore N.V. provides floating production solutions to the offshore energy industry worldwide. It operates in two segments, Lease and Operate, and Turnkey. It engages in the design, supply, installation, operation, lease, and life extension of floating production storage and offloading (FPSO) vessels, as well as semi-submersibles, tension leg floaters, turret mooring systems, floating offshore wind, and brownfield and offshore loading terminals.