Petrofac Ltd (POFCY) Upgraded to Hold at Zacks Investment Research
Petrofac Ltd (NASDAQ:POFCY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “Petrofac Limited is an oilfield service company serving the oil and gas production and processing industry. It operates in four segments: Onshore Engineering & Construction, Offshore Projects & Operations, Engineering & Consulting Services and Integrated Energy Services. The company has operations primarily in the United Arab Emirates, the United Kingdom, Turkmenistan, Malaysia, Algeria, Kuwait, Qatar and other countries. Petrofac Limited is based in St Helier, the Channel Islands. “
Other research analysts also recently issued reports about the stock. RBC Capital Markets began coverage on shares of Petrofac in a report on Tuesday, October 11th. They issued a “sector perform” rating for the company. Goldman Sachs Group Inc. raised shares of Petrofac from a “neutral” rating to a “buy” rating in a report on Wednesday, September 28th.
Shares of Petrofac (NASDAQ:POFCY) opened at 4.92 on Wednesday. The company has a 50 day moving average of $0.00 and a 200 day moving average of $0.00. Petrofac has a 52 week low of $4.45 and a 52 week high of $7.00.
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