SBM Offshore (SBFFY) to Release Earnings on Thursday

SBM Offshore (OTCMKTS:SBFFY) is expected to be issuing its results before the market opens on Thursday, August 6th. Analysts expect SBM Offshore to post earnings of $3.23 per share and revenue of $4.3940 billion for the quarter.

SBM Offshore Price Performance

SBFFY stock opened at $38.36 on Tuesday. SBM Offshore has a twelve month low of $23.52 and a twelve month high of $44.15. The business has a 50 day simple moving average of $37.58 and a 200-day simple moving average of $38.24.

Wall Street Analysts Forecast Growth

Separately, Barclays downgraded shares of SBM Offshore from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

SBM Offshore Company Profile

SBM Offshore is a Netherlands‐based provider of floating production, storage and offloading (FPSO) vessels and related services to the offshore oil and gas industry. Founded in 1965 as part of Royal IHC and listed as an independent entity in 2005, the company has established itself as a specialist in the design, engineering, construction and leasing of floating production systems. Headquartered in Schiedam, the firm leverages decades of experience in turret mooring technology and deepwater installations to serve oil and gas operators worldwide.

The company’s core offerings include turnkey FPSO solutions, which encompass front‐end engineering design, detailed engineering, procurement, construction, installation and commissioning.