Petrofac Limited (LON:PFC – Get Free Report)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 72.69 ($0.91) and traded as high as GBX 81.90 ($1.02). Petrofac shares last traded at GBX 79.65 ($1.00), with a volume of 1,809,970 shares.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. Jefferies Financial Group reissued a “hold” rating and issued a GBX 80 ($1.00) price objective on shares of Petrofac in a research report on Monday, July 3rd. Barclays reissued an “equal weight” rating and issued a GBX 200 ($2.50) price objective on shares of Petrofac in a research report on Friday, May 19th.
Petrofac Stock Performance
Insider Buying and Selling at Petrofac
In related news, insider Francesca Di Carlo purchased 6,151 shares of the business’s stock in a transaction on Tuesday, July 4th. The shares were acquired at an average price of GBX 81 ($1.01) per share, for a total transaction of £4,982.31 ($6,234.90). 16.64% of the stock is currently owned by company 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).
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