Barclays upgraded shares of SBM Offshore (OTCMKTS:SBFFF) from an equal weight rating to an overweight rating in a research note published on Tuesday, May 7th, The Fly reports.
Shares of SBFFF stock opened at $18.46 on Tuesday.
About SBM Offshore
SBM Offshore N.V. provides floating production solutions to the offshore energy industry worldwide. The company operates through two segments, Lease and Operate, and Turnkey. It is involved in the design, supply, installation, operation, lease, and life extension of floating production storage and offloading (FPSO) vessels; and semi-submersibles, tension leg platforms, floating liquidified natural gas, turret mooring systems, brownfield, deep water export systems, swivel stack systems, fluid transfer systems, tanker loading and discharge terminals, and solutions for renewable energy.
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