Petrofac Limited (OTCMKTS:POFCY) Receives Average Rating of “Hold” from Brokerages

Shares of Petrofac Limited (OTCMKTS:POFCY) have been assigned an average rating of “Hold” from the twelve brokerages that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and ten have issued a hold recommendation on the company.

A number of analysts have commented on POFCY shares. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Petrofac in a report on Wednesday, March 17th. Societe Generale raised Petrofac from a “sell” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley reissued an “equal weight” rating on shares of Petrofac in a research note on Tuesday, January 26th. Zacks Investment Research downgraded Petrofac from a “hold” rating to a “sell” rating in a research report on Thursday, March 25th. Finally, Barclays lowered shares of Petrofac from an “overweight” rating to an “equal weight” rating in a report on Friday, December 18th.

Shares of OTCMKTS POFCY opened at $0.71 on Monday. Petrofac has a 52-week low of $0.63 and a 52-week high of $1.42. The company has a market cap of $487.74 million, a PE ratio of 1.72 and a beta of 1.48. The firm’s 50 day moving average price is $0.80 and its 200-day moving average price is $0.84. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.34 and a current ratio of 1.35.

About Petrofac

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

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Analyst Recommendations for Petrofac (OTCMKTS:POFCY)

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