Shares of SBM Offshore (OTCMKTS:SBFFY – Get Free Report) rose 27.1% during mid-day trading on Friday . The company traded as high as $23.20 and last traded at $22.75. Approximately 440 shares were traded during mid-day trading, an increase of 57% from the average daily volume of 280 shares. The stock had previously closed at $17.90.
Analysts Set New Price Targets
Separately, Barclays upgraded SBM Offshore to a “strong-buy” rating in a research note on Monday, November 18th.
Get Our Latest Stock Report on SBM Offshore
SBM Offshore Stock Up 27.1 %
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.
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