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 OTCMKTS:SBFFY opened at $19.00 on Monday. SBM Offshore has a one year low of $12.75 and a one year high of $19.70. The stock has a fifty day moving average of $18.33 and a 200-day moving average of $16.95.

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.