Goldman Sachs Group Inc. upgraded shares of Petrofac (OTCMKTS:POFCF) from a neutral rating to a buy rating in a research report report published on Wednesday morning.

Separately, Credit Suisse Group AG initiated coverage on Petrofac in a report on Monday, September 19th. They issued an outperform rating for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold.

Shares of Petrofac (OTCMKTS:POFCF) opened at 11.00 on Wednesday. The company has a 50-day moving average price of $10.80 and a 200 day moving average price of $11.31. Petrofac has a 12-month low of $9.11 and a 12-month high of $14.25. The firm’s market capitalization is $3.74 billion.

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