Shares of SBM Offshore (OTCMKTS:SBFFY – Get Free Report) were up 27.1% during trading on Friday . The stock traded as high as $23.20 and last traded at $22.75. Approximately 440 shares were traded during trading, an increase of 57% from the average daily volume of 280 shares. The stock had previously closed at $17.90.
Wall Street Analyst Weigh In
Separately, Barclays raised SBM Offshore to a “strong-buy” rating in a research report on Monday, November 18th.
Get Our Latest Research Report on SBFFY
SBM Offshore Stock Performance
SBM Offshore Company Profile
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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