SBM Offshore Shares Hit Record High of 36.36 Euros, Boosted by Brent at $111
SBM Offshore reaches a new peak this Tuesday, April 7, 2026, climbing 2.48% to 36.36 euros mid-morning. The stock thus surpasses its previous record high of 35.62 euros set on April 2, amid geopolitical tensions in the Middle East benefiting oil sector stocks.
SBM Offshore records a new all-time high this Tuesday at 36.36 euros, significantly surpassing the previous peak of 35.62 euros. This milestone occurs as Brent crude trades above $111 in the morning, driven by diplomatic tensions between Washington and Tehran. Donald Trump's ultimatum to Iran, demanding a ceasefire agreement by Wednesday or facing retaliation against Iranian civilian infrastructure, keeps strong pressure on oil prices. The deadlock between the two countries, after several deadlines have been pushed back without results, maintains a lasting climate of uncertainty in the energy market.
The Dutch specialist in floating production storage and offloading (FPSO) systems directly benefits from this environment. Over three months, the stock has gained 45.79%, and 111.5% over a year. During the session, the CAC 40 is up 1.33% at 8068 points, while Shell PLC, a sector peer, is up 0.86%. The company's 2026 general assembly is scheduled for April 15, followed by the release of first-quarter revenue on May 7.
Technical Indicators Suggest Potential Overbought Signal
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The current price of 36.36 euros is significantly above the upper band of the Bollinger Bands, set at 34.34 euros, which constitutes a potential technical overbought signal. This significant gap indicates that the stock is in a rarely sustained bullish tension zone, which may precede consolidation phases.
Furthermore, the 50-day moving average is at 30.67 euros, marking a gap of over 18% from the current price. This significant deviation from this medium-term trend reference illustrates the magnitude of the recent acceleration. The RSI, at 59, remains in the neutral zone and does not confirm, at this stage, an overbought excess on this indicator. The resistance threshold identified at 34.46 euros has been significantly exceeded, which could now constitute a new technical support point for the stock.
We have increased our revenue guidance versus the initial baseline and these results highlight the resilience of our business model.
Risks mentioned
Environnement de marché de plus en plus complexe et volatil mentionné par le CEO
Fin de la fabrication des topsides de FPSO Jaguar réduisant sa contribution au chiffre d'affaires
Attribution finale du contrat Longtail soumise à approbations gouvernementales et décision finale d'investissement du client
Opportunities identified
Attribution des contrats FPSO SEAP I et SEAP II par Petrobras renforçant le backlog
Commande d'une 13e coque Fast4Ward portée par de solides perspectives du marché FPSO
Backlog pro-forma record de 35,6 milliards de dollars offrant une visibilité jusqu'en 2050
Outlook / guidance
Expected revenue: 7 600 millions de dollars
Expected EBITDA: 1 900 millions de dollars
Management commentary: The Company's 2026 Directional revenue guidance is increased to around US$7.6 billion, of which around US$2.4 billion is expected from the Lease and Operate segment and around US$5.2 billion from the Turnkey segment.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
