Petrofac (LON:PFC) Stock Price Crosses Above Two Hundred Day Moving Average of $72.72

Petrofac Limited (LON:PFC) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 72.72 ($0.92) and traded as high as GBX 75.58 ($0.95). Petrofac shares last traded at GBX 75.30 ($0.95), with a volume of 867,028 shares.

Analysts Set New Price Targets

A number of research firms have weighed in on PFC. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 80 ($1.01) price objective on shares of Petrofac in a research note on Monday, July 3rd. Barclays reaffirmed an “equal weight” rating and issued a GBX 200 ($2.53) price target on shares of Petrofac in a research report on Friday, May 19th.

Petrofac Trading Up 3.9 %

The company has a debt-to-equity ratio of 900.89, a quick ratio of 1.31 and a current ratio of 0.88. The firm has a market capitalization of £393.10 million, a P/E ratio of -94.13, a PEG ratio of -6.27 and a beta of 0.88. The firm has a 50 day simple moving average of GBX 77.30 and a two-hundred day simple moving average of GBX 72.72.

Insider Activity

In other news, insider Francesca Di Carlo purchased 6,151 shares of the business’s stock in a transaction that occurred on Tuesday, July 4th. The shares were acquired at an average cost of GBX 81 ($1.02) per share, for a total transaction of £4,982.31 ($6,292.38). 16.64% of the stock is currently owned by corporate insiders.

Petrofac Company Profile

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).