Petrofac Limited (PFC) to Issue Dividend of $0.13
Petrofac Limited (LON:PFC) declared a dividend on Wednesday, August 30th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 21st will be paid a dividend of $0.13 per share on Friday, October 20th. This represents a dividend yield of 2.43%. The ex-dividend date is Thursday, September 21st. The official announcement can be viewed at this link.
Shares of Petrofac Limited (LON:PFC) traded down 1.18% on Friday, hitting GBX 442.50. 6,768,721 shares of the stock were exchanged. The company has a 50 day moving average of GBX 438.30 and a 200 day moving average of GBX 610.90. The company’s market cap is GBX 1.50 billion. Petrofac Limited has a 52-week low of GBX 345.20 and a 52-week high of GBX 978.50.
Several brokerages have recently issued reports on PFC. Deutsche Bank AG restated a “sell” rating and issued a GBX 600 ($7.75) target price (down previously from GBX 775 ($10.01)) on shares of Petrofac Limited in a report on Friday, May 19th. Kepler Capital Markets restated a “buy” rating and issued a GBX 700 ($9.04) target price on shares of Petrofac Limited in a report on Monday, August 7th. Credit Suisse Group restated a “neutral” rating and issued a GBX 500 ($6.46) target price on shares of Petrofac Limited in a report on Wednesday, August 9th. Sanford C. Bernstein restated an “underperform” rating and issued a GBX 370 ($4.78) target price on shares of Petrofac Limited in a report on Thursday, July 6th. Finally, Societe Generale restated a “buy” rating and issued a GBX 530 ($6.84) target price on shares of Petrofac Limited in a report on Friday, September 8th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 665.33 ($8.59).
About Petrofac Limited
Petrofac Limited is a service provider to the oil and gas production and processing industry. The Company designs and builds oil and gas facilities; operates, maintains and manages facilities and trains personnel; enhances production, and develops and co-invests in upstream and infrastructure projects.
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