Petrofac Limited (LON:PFC) Given Consensus Recommendation of “Hold” by Brokerages
Petrofac Limited (LON:PFC) has been given a consensus recommendation of “Hold” by the twenty-one research firms that are covering the firm. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 941.28 ($12.29).
Several analysts have recently issued reports on the company. Goldman Sachs Group Inc. upgraded Petrofac Limited to a “buy” rating and upped their price objective for the company from GBX 912 ($11.90) to GBX 1,066 ($13.91) in a research report on Wednesday. Credit Suisse Group AG initiated coverage on Petrofac Limited in a research report on Monday, September 19th. They set an “outperform” rating and a GBX 1,100 ($14.36) target price on the stock. Liberum Capital reiterated a “buy” rating and set a GBX 1,020 ($13.31) target price on shares of Petrofac Limited in a research report on Thursday, September 15th. Jefferies Group downgraded Petrofac Limited to a “hold” rating and reduced their target price for the stock from GBX 835 ($10.90) to GBX 800 ($10.44) in a research report on Thursday, September 15th. Finally, Canaccord Genuity downgraded Petrofac Limited to a “hold” rating and set a GBX 850 ($11.10) target price on the stock. in a research report on Wednesday, September 14th.
Shares of Petrofac Limited (LON:PFC) traded up 2.70% during trading on Wednesday, hitting GBX 837.50. The stock had a trading volume of 1,933,450 shares. Petrofac Limited has a 12-month low of GBX 635.00 and a 12-month high of GBX 1,016.09. The firm’s market cap is GBX 2.85 billion. The stock has a 50-day moving average of GBX 838.66 and a 200 day moving average of GBX 819.47.
The firm also recently disclosed a dividend, which will be paid on Friday, October 21st. Shareholders of record on Thursday, September 22nd will be paid a dividend of GBX 0.22 ($0.00) per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a yield of 2.06%.
Petrofac Limited Company Profile
Petrofac Limited is an international service provider to the oil and gas production and processing industry. The Company designs, builds, operates and maintains oil and gas facilities, delivered through a range of commercial models, enabling it to respond to the distinct needs of each client and enabling them to manage their assets across the oil and gas life cycle.
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