JPMorgan Chase & Co. Reiterates Overweight Rating for Petrofac (LON:PFC)

Petrofac (LON:PFCGet Rating)‘s stock had its “overweight” rating reissued by investment analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday, MarketBeat.com reports.

Separately, Barclays reiterated an “equal weight” rating and set a GBX 200 ($2.60) price objective on shares of Petrofac in a research report on Monday, March 28th.

Shares of LON:PFC opened at GBX 134.10 ($1.74) on Wednesday. The company has a debt-to-equity ratio of 328.69, a current ratio of 0.99 and a quick ratio of 0.89. Petrofac has a one year low of GBX 91.05 ($1.18) and a one year high of GBX 203.34 ($2.65). The firm has a 50 day simple moving average of GBX 111.13 and a 200 day simple moving average of GBX 123.55. The company has a market cap of £698.87 million and a price-to-earnings ratio of -3.14.

In other Petrofac news, insider Afonso Reis e Sousa sold 5,622 shares of the firm’s stock in a transaction on Wednesday, March 23rd. The shares were sold at an average price of GBX 114 ($1.48), for a total value of £6,409.08 ($8,338.64). Also, insider Sara Akbar purchased 4,780 shares of Petrofac stock in a transaction on Tuesday, April 5th. The stock was bought at an average price of GBX 105 ($1.37) per share, with a total value of £5,019 ($6,530.05).

About Petrofac (Get Rating)

Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES).

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