SBM Offshore (SBFFF) Projected to Post Quarterly Earnings on Thursday

SBM Offshore (OTCMKTS:SBFFF) will likely be announcing its results before the market opens on Thursday, February 26th. Analysts expect the company to announce earnings of $1.85 per share and revenue of $1.43 billion for the quarter.

SBM Offshore Stock Performance

SBFFF stock remained flat at $34.50 during trading on Friday. The firm has a fifty day moving average price of $30.40 and a 200-day moving average price of $28.27. SBM Offshore has a 12-month low of $20.55 and a 12-month high of $34.49.

Wall Street Analyst Weigh In

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of SBM Offshore in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

SBM Offshore Company Profile

SBM Offshore is a global developer and operator of floating production solutions for the offshore energy industry. The company specialises in the design, engineering, construction, installation and operation of floating production storage and offloading (FPSO) vessels, turret mooring systems and single-point mooring (SPM) buoys. These assets enable oil and gas producers to exploit deepwater and remote hydrocarbon reserves by converting production fluids into marketable oil and gas, while storing and offloading cargo to shuttle tankers.

Headquartered in Schiedam, the Netherlands, SBM Offshore traces its origins back to the 1960s when the first turret-moored production vessel concept was demonstrated.