Shares of SBM Offshore (OTCMKTS:SBFFY – Get Free Report) rose 4.1% during trading on Friday . The company traded as high as $17.60 and last traded at $17.60. Approximately 266 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 725 shares. The stock had previously closed at $16.90.
Analysts Set New Price Targets
Separately, Barclays raised SBM Offshore to a “strong-buy” rating in a report on Monday, November 18th.
Check Out Our Latest Analysis on SBM Offshore
SBM Offshore Stock Up 4.1 %
About SBM Offshore
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.
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