Petrofac Limited (OTCMKTS:POFCY – Get Rating) has been given a consensus rating of “Buy” by the eight ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $103.67.
POFCY has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Petrofac from a “hold” rating to a “buy” rating and set a $1.00 price objective on the stock in a report on Tuesday, May 3rd. Berenberg Bank upgraded shares of Petrofac from a “hold” rating to a “buy” rating in a research note on Tuesday, May 3rd. Exane BNP Paribas upgraded shares of Petrofac from a “neutral” rating to an “outperform” rating and set a GBX 140 ($1.73) price target on the stock in a research note on Friday, April 8th. JPMorgan Chase & Co. boosted their price target on shares of Petrofac from GBX 160 ($1.97) to GBX 170 ($2.10) in a research note on Thursday, April 14th. Finally, The Goldman Sachs Group initiated coverage on shares of Petrofac in a research note on Thursday, May 5th. They set a “buy” rating on the stock.
POFCY traded down $0.01 on Tuesday, hitting $0.88. The company had a trading volume of 2,323 shares, compared to its average volume of 4,749. Petrofac has a 1 year low of $0.62 and a 1 year high of $1.23. The company’s fifty day moving average price is $0.77 and its 200 day moving average price is $0.80. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 1.58.
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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