SBM Offshore (SBFFF) Projected to Release Earnings on Thursday

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

SBM Offshore Price Performance

OTCMKTS SBFFF remained flat at $38.00 during trading on Tuesday. The company’s stock had a trading volume of 50 shares, compared to its average volume of 538. SBM Offshore has a 52 week low of $25.87 and a 52 week high of $44.10. The business’s 50 day moving average is $38.18 and its 200 day moving average is $37.06.

Analyst Ratings Changes

SBFFF has been the subject of a number of recent research reports. Royal Bank Of Canada assumed coverage on shares of SBM Offshore in a research note on Tuesday, July 28th. They issued an “outperform” rating for the company. Morgan Stanley reiterated an “overweight” rating on shares of SBM Offshore in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average 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.