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
Anthony Dick ...
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 08/06/2020

...

ING
ING Helpdesk

Benelux Morning Notes

Adecco (Not Rated): 2Q20 results review; beat vs consensus. Euronav: 2Q20 results fine but uncertainty rising. Euronext: July shows mid-single digit YoY growth. Fagron: In-line 1H20, Covid-19 boost offsets weakening Compounding trends K. BC: Ups NII guidance (€4.4bn), maintains impairment outlook (€1.1bn). Kinepolis: Mulan Disney+ release another blow to Cinema chains . NN GROUP: Operating results, OCG and solvency beat . SBM Offshore: Good contracts supportive to 1H20. Sligro Food Group: Foodstep stats improving, but still a long way to go

Alan Vandenberghe ...
  • Bart Cuypers
  • Jason Kalamboussis
  • Joachim Vansanten
  • Lenny Van Steenhuyse
  • Thomas Couvreur
  • Wido Jongman

MORNING NOTE : EURN BB, ENX FP, FAGR BB, FUR NA, INGA NA, NN NA, SBMO NA, VGP BB, XIOR BB

Euronav : Record 2Q20 results in line Euronext : July trading volumes Fagron : Continuation of the COVID trend in 2Q20. Fugro : Review investment case ING : 2Q: new CEO draws the line on LLPs NN Group : 2Q comfortable beat, resuming SBB, pays FY19 divi SBM Offshore : Strong operational 1H20 performance VGP : HY net profit expectations in line with forecasts Xior : 1HY20 results – slightly better than expected Various : DTPL update

Anthony Dick ...
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 06/08/2020

...

Baptiste Lebacq

SBM Offshore : H1 2020 publication topped expectations, guidance revised marginally up

>Buy recommendation: a model of resilience - We reiterate our Buy recommendation on the stock, with a target price of € 18. As expected, positioning on the Lease&Operate (L&O) business is a real differentiation factor relative to other oil services players. The stock is clearly outperforming our sector sample (-16 % YTD vs -50% on average!). The publication is reassuring and the marginal adjustment of guidance should reassure the market, even though at this stage the...

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.

ING
ING Helpdesk

Benelux Morning Notes

Adecco (Not Rated): 2Q20 results review; beat vs consensus. Euronav: 2Q20 results fine but uncertainty rising. Euronext: July shows mid-single digit YoY growth. Fagron: In-line 1H20, Covid-19 boost offsets weakening Compounding trends K. BC: Ups NII guidance (€4.4bn), maintains impairment outlook (€1.1bn). Kinepolis: Mulan Disney+ release another blow to Cinema chains . NN GROUP: Operating results, OCG and solvency beat . SBM Offshore: Good contracts supportive to 1H20. Sligro Food Group: Foodstep stats improving, but still a long way to go

Alan Vandenberghe ...
  • Bart Cuypers
  • Jason Kalamboussis
  • Joachim Vansanten
  • Lenny Van Steenhuyse
  • Thomas Couvreur
  • Wido Jongman

MORNING NOTE : EURN BB, ENX FP, FAGR BB, FUR NA, INGA NA, NN NA, SBMO NA, VGP BB, XIOR BB

Euronav : Record 2Q20 results in line Euronext : July trading volumes Fagron : Continuation of the COVID trend in 2Q20. Fugro : Review investment case ING : 2Q: new CEO draws the line on LLPs NN Group : 2Q comfortable beat, resuming SBB, pays FY19 divi SBM Offshore : Strong operational 1H20 performance VGP : HY net profit expectations in line with forecasts Xior : 1HY20 results – slightly better than expected Various : DTPL update

Baptiste Lebacq

SBM Offshore : H1 2020 publication topped expectations, guidance revised marginally up

>Buy recommendation: a model of resilience - We reiterate our Buy recommendation on the stock, with a target price of € 18. As expected, positioning on the Lease&Operate (L&O) business is a real differentiation factor relative to other oil services players. The stock is clearly outperforming our sector sample (-16 % YTD vs -50% on average!). The publication is reassuring and the marginal adjustment of guidance should reassure the market, even though at this stage the...

Baptiste Lebacq

SBM Offshore : Publication S1 2020 > attentes, guidance marginalement relevée

>Recommandation Achat : un modèle de résilience - Nous maintenons notre recommandation Achat sur le titre avec un OC de 18 €. Comme escompté, le positionnement sur le métier du Lease&Operate (l&O) est un vrai élément de différenciation par rapport aux autres acteurs des services pétroliers. Le titre surperforme nettement notre échantillon sectoriel (-16 % Ytd vs -50% en moyenne !). La publication est rassurante et l’ajustement à la marge de la guidance devrait rassur...

ING
ING Helpdesk

Benelux Morning Notes

Ackermans & van Haaren: Increased risk of no interim dividend payment. SBM Offshore: Buzios 6,7,8?. Sligro: 70% drop in food service business confirmed. Staffing: Dutch per 5: vol -24%, rev -19% (was -24%, -17%); touch weaker into lockdown

Anthony Dick ...
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 08/06/2020

...

Anthony Dick ...
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 06/08/2020

...

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 - 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

...

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.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch