Petrofac Limited (LON:PFC) Given Average Recommendation of “Hold” by Brokerages
Shares of Petrofac Limited (LON:PFC) have been assigned a consensus recommendation of “Hold” from the fifteen research firms that are covering the stock, MarketBeat reports. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is GBX 501.33 ($6.59).
Several research firms have recently commented on PFC. Oddo Securities lowered their price target on Petrofac from GBX 400 ($5.26) to GBX 383 ($5.04) and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Societe Generale lowered their price target on Petrofac from GBX 740 ($9.73) to GBX 595 ($7.83) and set a “buy” rating for the company in a research report on Wednesday, December 18th. UBS Group restated a “neutral” rating on shares of Petrofac in a research report on Monday, December 16th. Canaccord Genuity upgraded Petrofac to a “buy” rating and lowered their price target for the stock from GBX 600 ($7.89) to GBX 500 ($6.58) in a research report on Wednesday, November 13th. Finally, Morgan Stanley lowered Petrofac to an “equal weight” rating and lowered their price target for the stock from GBX 500 ($6.58) to GBX 480 ($6.31) in a research report on Monday, October 28th.
Shares of PFC traded down GBX 3.50 ($0.05) during midday trading on Tuesday, hitting GBX 385.30 ($5.07). 921,282 shares of the stock were exchanged, compared to its average volume of 3,540,000. Petrofac has a 52-week low of GBX 367.60 ($4.84) and a 52-week high of GBX 562 ($7.39). The stock has a fifty day simple moving average of GBX 386.58 and a 200 day simple moving average of GBX 402.99. The firm has a market cap of $1.33 billion and a P/E ratio of 6.08. The company has a debt-to-equity ratio of 133.90, a quick ratio of 1.10 and a current ratio of 1.23.
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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