10 stories mentioning SBMO.ASUpdated 9d ago
Every FINWIRES story that references SBMO.AS, newest first.
Sadif Investment Analytics on Monday raised its rating for Dutch offshore floating production company SBM Offshore (SBMO.AS) to hold from strong sell and increased its price target to 31.37 euros from 27.13 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
SBM Offshore's (SBMO.AS) upgraded earnings outlook for 2026 to 2028, driven by stronger lease and operate and turnkey profitability, led AlphaValue/Baader Europe to increase its EPS estimates and rating for the Dutch offshore floating production company."We have lifted our EPS estimates on a stronger 2026-28 earnings outlook, with FY2026 net profit rising to US$601m as we align revenue and margins with the latest guidance, and apply a forecast tax rate of around 22% of pre-tax income (vs 25%)," analysts said June 5. "We have also incorporated the US$270m buyback announced for 2026 completion, which lowers our diluted share count to around 168.7m in 2026 and 161.0m thereafter."The research firm's revised EPS forecasts are 82.3% and 0.5% higher, respectively, at $3.56 for 2026 and $3.66 for 2027.The rating increased to buy from add with a price target of 45.5 euros.
AlphaValue/Baader Europe on Friday upgraded Dutch offshore floating production company SBM Offshore (SBMO.AS) to buy from add and increased its price target to 45.50 euros from 41.50 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
SBM Offshore (SBMO.AS) said Thursday it agreed to sell a 45% ownership interest in the floating storage and offloading vessel Chalchi to Nippon Yusen Kabushiki Kaisha.The transaction will involve the transfer of interest in special-purpose companies overseeing the lease and operation of the vessel, with the Dutch offshore floating production company to retain a 55% ownership interest. Completion is subject to preceding conditions, including approvals.Still under construction, the Chalchi vessel will be subject to 20-year lease-and-operate contracts in Mexico with a local affiliate of Australian petroleum exploration and production company Woodside Energy (WOP.F). The vessel has the capacity to store 950,000 barrels of crude oil.
SBM Offshore's (SBMO.AS) joint venture with Solstad Offshore (SOFF.OL) entered into a letter of intent for the potential acquisition of a new deepwater installation and construction vessel.The vessel will be acquired from an unnamed shipyard, according to a Monday release. Based on the ownership structure of the joint venture, Dutch offshore floating production company SBM will own 49.9% of the new vessel, while Norwegian offshore shipping company Solstad will own the remaining 50.1% interest.The target delivery date for the new vessel is the first half of 2029. SBM said the vessel may be chartered to third parties when not in use for its installation projects.
SBM Offshore (SBMO.AS) wrapped up negotiations with Petrobas for two floating oil and gas production vessels, Reuters reported Thursday, citing Magda Chambriard, chief executive officer of Brazil's state-controlled oil company.Chambriard said the parties will soon sign the deal for the vessels, set to be named P-81 and P-87, which will be used for the Sergipe deepwater project in Brazil.
Kempen on Wednesday lowered its rating on Dutch offshore floating production company SBM Offshore (SBMO.AS) to neutral from buy, while increasing its price target to 39.10 euros from 36.00 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Kepler Cheuvreux on Friday downgraded Dutch offshore energy systems company SBM Offshore (SBMO.AS) to hold from buy and raised its price target to 39 euros from 37 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
AlphaValue/Baader Europe on Thursday upgraded its rating on Dutch offshore floating facilities company SBM Offshore (SBMO.AS) to add from reduce and increased its price target to 40.80 euros from 38.10 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Barclays on Monday downgraded offshore oil and gas systems and services company SBM Offshore (SBMO.AS) to equal weight from overweight and raised its price target to 46 euros from 38 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
