SBM Offshore (OTCMKTS:SBFFY) Downgraded to “Hold” Rating by Barclays

SBM Offshore (OTCMKTS:SBFFY) was downgraded by research analysts at Barclays from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

SBM Offshore Price Performance

Shares of SBM Offshore stock opened at $22.75 on Monday. The stock’s fifty day simple moving average is $20.13 and its 200 day simple moving average is $18.72. SBM Offshore has a 12 month low of $14.22 and a 12 month high of $23.20.

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.