Petrofac (LON:PFC) Shares Up 9.5%

Petrofac Limited (LON:PFCGet Free Report)’s stock price shot up 9.5% during trading on Tuesday . The stock traded as high as GBX 21 ($0.27) and last traded at GBX 21 ($0.27). 10,487,154 shares traded hands during mid-day trading, an increase of 26% from the average session volume of 8,317,067 shares. The stock had previously closed at GBX 19.17 ($0.24).

Petrofac Stock Up 8.0 %

The firm’s 50-day moving average price is GBX 17.18 and its 200 day moving average price is GBX 23.66. The company has a market capitalization of £108.75 million, a price-to-earnings ratio of -24.58, a PEG ratio of -6.27 and a beta of 0.96. The company has a current ratio of 0.88, a quick ratio of 1.31 and a debt-to-equity ratio of 900.89.

Insider Activity

In other news, insider Sara Akbar bought 18,955 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was bought at an average cost of GBX 26 ($0.33) per share, for a total transaction of £4,928.30 ($6,275.69). Corporate insiders own 16.59% of the company’s stock.

About Petrofac

(Get Free Report)

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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