SBM Offshore

SBM Offshore is a holding company. Co. provides floating production solutions to the offshore energy industry, over the full product life-cycle. Co.'s main activities are the design, supply, installation, operation and life extension of floating production, storage and offloading (FPSO) vessels. Other products include semi-submersibles, tension-leg platforms, floating production storage and offloading liquefied natural gas, turret mooring systems, brownfield and offshore (off) loading terminals. As of Dec 31 2015, Co.'s fleet consisted of 10 FPSOs, two floating storage and offloadings, one mobile offshore production unit, one semisubmersible in operation worldwide.
  • TickerSBMO
  • ISINNL0000360618
  • ExchangeEuronext Amsterdam
  • SectorOil Equipment, Services & Distribution
  • CountryNetherlands

With a more favourable environment, SBM OFFSHORE NV improves to Slightly Positive

SBM OFFSHORE NV (NL), a company active in the Oil Equipment & Services industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date May 26, 2020, the closing price was EUR 12.49 and its potential was estimated at EUR 14.17.

Alain William ...
  • Anis Zgaya
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Martial Descoutures
  • Michael Foundoukidis
  • Nicolas Thorez
  • Oussema Denguir
  • Philippe Ourpatian

ODDO BHF Small & MIDCAP MORNING NEWS - 05/14/2020

...

Alain William ...
  • Anis Zgaya
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Martial Descoutures
  • Michael Foundoukidis
  • Nicolas Thorez
  • Oussema Denguir
  • Philippe Ourpatian

ODDO BHF Small & MIDCAP MORNING NEWS - 14/05/2020

...

Baptiste Lebacq

SBM Offshore : Q1 2020 trading update: we’re still afloat

>Ruling the waves in our stock hierarchy - SBM's Q1 2020 trading update was reassuring and the small adjustment to its 2020 guidance lends weight to our rating. The group boasts exceptionally good visibility within the sector through its positioning in FPSO leasing. While it is not completely immune to the slowdown in oil group capex, the L&O segment will play a cushioning role.Our target price is still based on an SOTP model. With a decline of 32.8% YTD, SBM is ...

Baptiste Lebacq

SBM Offshore : Trading update du T1 : on reste à flot

>En tête de proue parmi nos valeurs - La publication de l’activité au T1 2020 est rassurante et l’ajustement a minima de la guidance sur 2020 confirme notre recommandation. En effet, SBM Offshore dispose d’un niveau de visibilité exceptionnel au sein du secteur via son positionnement sur le métier de la location de FPSO. Le groupe n’est pas totalement immune au ralentissement des Capex des pétroliers, cependant L&O joue son rôle de parachute.Notre OC reste basé s...

Louis AZAIS

Analyse court terme - SBM OFFSHORE (Ex IHC CALAND) : Le retracement de 50% est atteint, il cause le rebond.

Le précédent creux vient d'être enfoncé, ceci confirme la tendance baissière. Le prochain objectif est à 9,870 €. Le niveau d'invalidation est au-dessus de 14,150 €.Arguments :- Le retracement de 50% est atteint, il cause le rebond.- La moyenne mobile sert de résistance.

Louis AZAIS

Short term view - SBM OFFSHORE (Ex IHC CALAND) : The 50% retracement is causing the bounce.

The previous low has been broken, the bearish trend is confirmed. The next target is at €9.870. The invalidation level is above €14.150.Arguments :- The 50% retracement is causing the bounce.- The moving average is capping prices.

Louis AZAIS

Medium term view - SBM OFFSHORE (Ex IHC CALAND) : The major support has been reached, it causes the bounce.

The trend is still bullish, the invalidation level is below €12.320. The target is at €18.300.Arguments :- The major support has been reached, it causes the bounce.

Louis AZAIS

Analyse moyen terme - SBM OFFSHORE (Ex IHC CALAND) : Le support majeur est atteint, il cause le rebond.

La tendance est toujours haussière, son niveau d'invalidation est sous 12,320 €. L'objectif est à 18,300 €.Arguments :- Le support majeur est atteint, il cause le rebond.

Louis AZAIS

Short term view - SBM OFFSHORE (Ex IHC CALAND) : Support reintegrated

The trend is still neutral but within that interval prices could head towards the bottom of the range.Arguments :- The support has been shortly breached, but it is now reinstated. Prices can bounce.

Alain William ...
  • Anis Zgaya
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Martial Descoutures
  • Michael Foundoukidis
  • Nicolas Thorez
  • Oussema Denguir
  • Philippe Ourpatian

ODDO BHF Small & MIDCAP MORNING NEWS - 05/14/2020

...

Alain William ...
  • Anis Zgaya
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Martial Descoutures
  • Michael Foundoukidis
  • Nicolas Thorez
  • Oussema Denguir
  • Philippe Ourpatian

ODDO BHF Small & MIDCAP MORNING NEWS - 14/05/2020

...

Baptiste Lebacq

SBM Offshore : Q1 2020 trading update: we’re still afloat

>Ruling the waves in our stock hierarchy - SBM's Q1 2020 trading update was reassuring and the small adjustment to its 2020 guidance lends weight to our rating. The group boasts exceptionally good visibility within the sector through its positioning in FPSO leasing. While it is not completely immune to the slowdown in oil group capex, the L&O segment will play a cushioning role.Our target price is still based on an SOTP model. With a decline of 32.8% YTD, SBM is ...

Baptiste Lebacq

SBM Offshore : Trading update du T1 : on reste à flot

>En tête de proue parmi nos valeurs - La publication de l’activité au T1 2020 est rassurante et l’ajustement a minima de la guidance sur 2020 confirme notre recommandation. En effet, SBM Offshore dispose d’un niveau de visibilité exceptionnel au sein du secteur via son positionnement sur le métier de la location de FPSO. Le groupe n’est pas totalement immune au ralentissement des Capex des pétroliers, cependant L&O joue son rôle de parachute.Notre OC reste basé s...

ING
ING Helpdesk

Benelux Morning Notes

Basic-Fit: No opening dates yet; Mid June / early July (under conditions) our best guess. Boskalis: Satisfactory trading update. D'Ieteren: North America peer Boyd reports better Q1, Q2 sales down 40% so far. Euronext: 11% beat on EBITDA in a high volatility quarter. EVS: April order intake down 10%, €6-10m EBITDA synergies from Axon acquisition. KBC: NII & impairment outlook outweigh positive message on costs. KPN: T-Mobile NL 1Q20. SBM Offshore: Yes, we can keep our EBITDA guidance. Sif Group: FY EBITDA guidance roughly 42% below consensus. Tessenderlo: Confirms guidance of...

Baptiste Lebacq ...
  • Benoit Valleaux
  • Geoffroy Michalet
  • Jean-François Granjon
  • Jerôme Bodin
  • Matthias Desmarais
  • Roland Pfaender,MBA,CFA,CCRA
  • Sylvain Goyon, CFA

ODDO BHF Small & MIDCAP MORNING NEWS - 04/20/2020

...

Baptiste Lebacq ...
  • Benoit Valleaux
  • Geoffroy Michalet
  • Jean-François Granjon
  • Jerôme Bodin
  • Matthias Desmarais
  • Roland Pfaender,MBA,CFA,CCRA
  • Sylvain Goyon, CFA

ODDO BHF Small & MIDCAP MORNING NEWS - 20/04/2020

...

Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Anis Zgaya
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Jean-François Granjon
  • Jerôme Bodin
  • Martial Descoutures
  • Oussema Denguir
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 03/24/2020

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Baptiste Lebacq
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean-François Granjon
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Samantha Jeary
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/24/2020

...

Ahmed Ben Salem ...
  • Alain William
  • Alfred Glaser
  • Anis Zgaya
  • Aurelien Sivignon
  • Baptiste Lebacq
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Jean-François Granjon
  • Jerôme Bodin
  • Martial Descoutures
  • Oussema Denguir

ODDO BHF Small & MIDCAP MORNING NEWS - 24/03/2020

...

With a more favourable environment, SBM OFFSHORE NV improves to Slightly Positive

SBM OFFSHORE NV (NL), a company active in the Oil Equipment & Services industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date May 26, 2020, the closing price was EUR 12.49 and its potential was estimated at EUR 14.17.

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