SBM Offshore (OTCMKTS:SBFFY) Lowered to Hold Rating by Barclays

Barclays cut shares of SBM Offshore (OTCMKTS:SBFFY) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.

SBM Offshore Price Performance

SBFFY stock opened at $22.75 on Monday. The company’s 50 day moving average is $20.13 and its two-hundred day moving average is $18.72. SBM Offshore has a twelve month low of $14.22 and a twelve 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.