SBM Offshore (OTCMKTS:SBFFY) Rating Lowered to “Hold” at Barclays

Barclays downgraded shares of SBM Offshore (OTCMKTS:SBFFY) from a strong-buy rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

SBM Offshore Stock Performance

Shares of SBFFY stock opened at $22.75 on Monday. SBM Offshore has a twelve month low of $14.22 and a twelve month high of $23.20. The stock has a fifty day simple moving average of $20.13 and a two-hundred day simple moving average of $18.72.

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.