Zacks Investment Research Lowers PETROFAC LTD/ADR (OTCMKTS:POFCY) to Hold

Zacks Investment Research lowered shares of PETROFAC LTD/ADR (OTCMKTS:POFCY) from a buy rating to a hold rating in a research report sent to investors on Tuesday, Zacks.com reports.

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. “

OTCMKTS:POFCY opened at $2.62 on Tuesday. The firm has a market capitalization of $1.81 billion, a PE ratio of 5.04 and a beta of 1.09. The business’s fifty day moving average price is $2.41 and its 200 day moving average price is $2.73. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.14 and a quick ratio of 1.14. PETROFAC LTD/ADR has a 12 month low of $2.27 and a 12 month high of $4.31.



The firm also recently announced a Semi-Annual dividend, which will be paid on Monday, November 4th. Investors of record on Friday, September 20th will be issued a $0.056 dividend. The ex-dividend date is Thursday, September 19th. This is a positive change from PETROFAC LTD/ADR’s previous Semi-Annual dividend of $0.05. PETROFAC LTD/ADR’s dividend payout ratio is 42.31%.

About PETROFAC LTD/ADR

Petrofac Ltd. engages in the provision of services to the oil and gas production and processing industry. It offers engineering and construction; operations and maintenance; and training and competence. The company was founded in 1981 and is headquartered in St. Helier, the United Kingdom.

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