SBM Offshore (OTCMKTS:SBFFY) Upgraded at Barclays

Barclays upgraded shares of SBM Offshore (OTCMKTS:SBFFY) to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.

SBM Offshore Stock Performance

Shares of SBM Offshore stock opened at $19.00 on Monday. SBM Offshore has a twelve month low of $12.75 and a twelve month high of $19.70. The firm’s 50-day simple moving average is $18.31 and its 200-day simple moving average is $16.94.

About SBM Offshore

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.