SBM Offshore: becomes SG's preferred oil services stock.

(CercleFinance.com) - Having considered the entire oil services sector, Société Générale (SG) analysts have chosen SBM Offshore as their favourite stock.
With a buy rating on the stock, analysts have a target price of 17.4 euros.

From a general viewpoint, after its contacts with companies monitored SG maintains that in the oil services sector, the trend is gradually improving in most geographic areas and market segments.

However, in microeconomic terms, “the Darwinian processes' are increasingly apparent,” SG writes, with strong companies set to further improve (in finance and performance) after the first quarter of 2017.

SG believes that the robust players (Subsea 7, SBM Offshore, Petrofac) are becoming more robust in the current context, while the others (Bourbon, CGG, Seadrill, BW Offshore) are weakening. "SBM Offshore becomes our preferred stock," says the broker's research note.


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