SBM Offshore traded at 32.40 this Friday August 7th, decreasing 2.70 or 7.69 percent since the previous trading session. Looking back, over the last four weeks, SBM Offshore lost 1.16 percent. Over the last 12 months, its price rose by 49.03 percent. Looking ahead, we forecast SBM Offshore to be priced at 31.63 by the end of this quarter and at 29.59 in one year, according to Trading Economics global macro models projections and analysts expectations.
SBM Offshore NV is the Netherlands-based company engaged in the offshore energy industry. It is a provider of floating production and mooring systems, in production operations and in terminals and services. The Company’s main activity is the design, supply, installation and operation of floating production, storage and offloading (FPSO) vessels. The Company’s business is divided into two segments: Lease and Operate, providing leasing and operation of oil and gas production facilities, and Turnkey, providing engineering, supply, overhaul and maintenance of Catenary Anchor Leg Mooring (CALM) buoys, swivels, mooring systems, fluid transfer systems and offloading systems. The Company has four main project execution centers located in the Netherlands, Monaco, the United States and Malaysia, and operates a number of subsidiaries. On September 4, 2013, the Company sold its cryogenic hose system technology to Trelleborg Industrial Solutions, the business area of Trelleborg AB.