Shares of Petrofac Limited (LON:PFC) have earned a consensus rating of “Buy” from the twelve analysts that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 590.67 ($7.72).

Several equities analysts have recently weighed in on the company. Royal Bank of Canada upgraded Petrofac to a “sector performer” rating and raised their price target for the company from GBX 400 ($5.23) to GBX 640 ($8.36) in a report on Thursday, July 18th. Berenberg Bank restated a “hold” rating and set a GBX 500 ($6.53) price target on shares of Petrofac in a report on Tuesday, June 25th. Barclays restated an “overweight” rating and set a GBX 670 ($8.75) price target on shares of Petrofac in a report on Thursday, July 4th. JPMorgan Chase & Co. reduced their price target on Petrofac from GBX 500 ($6.53) to GBX 460 ($6.01) and set a “neutral” rating for the company in a report on Thursday. Finally, Numis Securities reduced their price target on Petrofac from GBX 821 ($10.73) to GBX 761 ($9.94) and set a “buy” rating for the company in a report on Wednesday, May 1st.

In other Petrofac news, insider Andrea Abt acquired 1,141 shares of Petrofac stock in a transaction that occurred on Monday, July 1st. The stock was bought at an average cost of GBX 438 ($5.72) per share, for a total transaction of £4,997.58 ($6,530.22). Also, insider Alastair Cochran acquired 3,029 shares of Petrofac stock in a transaction that occurred on Wednesday, May 29th. The stock was acquired at an average price of GBX 410 ($5.36) per share, with a total value of £12,418.90 ($16,227.49).

PFC traded up GBX 2.80 ($0.04) during trading on Friday, reaching GBX 392.30 ($5.13). The stock had a trading volume of 1,230,350 shares, compared to its average volume of 3,540,000. Petrofac has a one year low of GBX 373.87 ($4.89) and a one year high of GBX 679 ($8.87). The company has a current ratio of 1.14, a quick ratio of 1.02 and a debt-to-equity ratio of 107.73. The stock’s 50 day moving average is GBX 410.47 and its two-hundred day moving average is GBX 440.29. The company has a market capitalization of $1.36 billion and a price-to-earnings ratio of 21.09.

Petrofac Company Profile

Petrofac Limited, an oilfield service company, provides facilities solutions to the oil and gas production and processing industry worldwide. It operates through three segments: Engineering & Construction, Engineering & Production Services, and Integrated Energy Services. The Engineering & Construction segment provides engineering, procurement, and construction project execution services to the onshore oil and gas industry.

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Analyst Recommendations for Petrofac (LON:PFC)

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