Insider Buying: Petrofac Limited (PFC) Insider Buys 13 Shares of Stock
Petrofac Limited (LON:PFC) insider Tim Weller bought 13 shares of the firm’s stock in a transaction on Monday, October 17th. The stock was purchased at an average price of GBX 930 ($11.33) per share, with a total value of £120.90 ($147.35).
Shares of Petrofac Limited (LON:PFC) opened at 931.00 on Tuesday. The firm’s market cap is GBX 3.17 billion. The stock has a 50 day moving average of GBX 863.40 and a 200 day moving average of GBX 820.24. Petrofac Limited has a 52 week low of GBX 635.00 and a 52 week high of GBX 1,016.09.
The firm also recently disclosed a dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, September 22nd will be given a GBX 0.22 ($0.00) dividend. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a dividend yield of 2.06%.
Several research analysts have commented on PFC shares. BNP Paribas reiterated a “neutral” rating and issued a GBX 875 ($10.66) target price on shares of Petrofac Limited in a report on Monday, September 12th. Goldman Sachs Group Inc. upgraded shares of Petrofac Limited to a “buy” rating and raised their target price for the stock from GBX 912 ($11.12) to GBX 1,066 ($12.99) in a report on Wednesday, September 28th. Royal Bank Of Canada reiterated a “sector performer” rating and issued a GBX 1,050 ($12.80) target price on shares of Petrofac Limited in a report on Tuesday, October 11th. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 1,100 ($13.41) target price on shares of Petrofac Limited in a report on Friday, October 7th. Finally, Canaccord Genuity reissued a “hold” rating and issued a GBX 850 ($10.36) price target on shares of Petrofac Limited in a research report on Monday, October 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Petrofac Limited currently has a consensus rating of “Buy” and a consensus price target of GBX 984 ($11.99).
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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