SBM Offshore stock tracks buyback after 53.77 percent completion
Published on 10/04/2026 at 19:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
SBM Offshore (ISIN NL0000360618) was last at EUR 34.66 on Euronext Amsterdam on October 2, 2026, with a daily change of minus 0.23 percent. The stock was 7.3 percent below its 52-week high of EUR 37.40, while the company combined strong half-year growth with continued capital returns.
Buyback reaches the halfway mark
According to The Globe and Mail, SBM Offshore had repurchased 3,610,026 shares by September 9, 2026, for cumulative spending of EUR 121.9 million. That represented 53.77 percent of the EUR 227 million program, with the company buying 124,690 shares for EUR 4.48 million in the latest five-trading-day period covered.
The buyback gives the stock a measurable capital-return angle, but it does not erase the distinction between reported growth and recurring operations. The latest company figures show that asset sales and project activity are important parts of the headline expansion.
Revenue jumps while EBITDA follows
In its half-year 2026 disclosure, SBM Offshore reported a 112 percent increase in year-to-date Directional revenue to USD 4.9 billion. Directional EBITDA rose 92 percent to USD 1.3 billion in the same period, giving investors two concrete measures of the first-half acceleration.
SBM Offshore also reported a record USD 6 billion pro-forma Directional backlog and USD 8.0 billion of Directional net cash backlog in the half-year disclosure. For investors, the key question is whether the recurring Lease and Operate business can sustain the pace implied by the headline Directional figures.
Analysts see a higher valuation
Ideal Investor reported that ING Wholesale raised its SBM Offshore target from EUR 37.50 to EUR 49.50 on September 29, 2026, while maintaining a Buy rating. The same report cited a EUR 46.04 median target, which was 26.3 percent above the reference price used in that report.
MarketScreener lists a Buy consensus from 9 analysts, with a median target of USD 49.54. Its published range runs from USD 42.91 to USD 56.56, keeping the target discussion separate from the EUR quotation on the Amsterdam listing.
Results date is set
SBM Offshore's next scheduled reporting event is its Third Quarter 2026 Trading Update on November 12, 2026. That date gives the market a defined checkpoint for backlog conversion, fleet activity and the durability of the first-half revenue surge.
Stock remains below yearly high
SBM Offshore was last at EUR 34.66 on Euronext Amsterdam on October 2, 2026, with a market capitalization of EUR 5.7 billion and volume of 342,201 shares. Its 52-week range was EUR 20.74 to EUR 37.40, placing the latest price 7.3 percent below the upper end.
SBM Offshore stock at a glance
- Company: SBM Offshore N.V.
- ISIN: NL0000360618
- WKN: A0JLZV
- Ticker: SBMO
- Trading venue: Euronext Amsterdam
- Price (as of October 2, 2026, 5:35 p.m. CEST): EUR 34.66
- Market capitalization: EUR 5.7 billion (as of October 2, 2026)
- 52-week range: EUR 20.74-37.40 (as of October 2, 2026)
- Sector / Industry: Energy / oil and gas equipment and services
- Index membership: AEX
Upcoming dates for SBM Offshore stock
- November 12, 2026: Third Quarter 2026 Trading Update
- February 18, 2027: Full Year 2026 Earnings
- April 7, 2027: Annual General Meeting
- May 5, 2027: First Quarter 2027 Trading Update
