SBM Offshore (SBFFF) Expected to Announce Quarterly Earnings on Thursday

SBM Offshore (OTCMKTS:SBFFF) is expected to post its results before the market opens on Thursday, February 26th. Analysts expect SBM Offshore to post earnings of $1.85 per share and revenue of $1.43 billion for the quarter.

SBM Offshore Stock Performance

Shares of OTCMKTS:SBFFF remained flat at $34.50 during midday trading on Friday. SBM Offshore has a 52 week low of $20.55 and a 52 week high of $34.49. The business has a 50 day simple moving average of $30.40 and a 200 day simple moving average of $28.27.

Wall Street Analysts Forecast Growth

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

About SBM Offshore

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.