Petrofac (OTCMKTS:POFCY) Rating Increased to Hold at Societe Generale

Petrofac (OTCMKTS:POFCY) was upgraded by Societe Generale from a “sell” rating to a “hold” rating in a report released on Wednesday, The Fly reports.

A number of other brokerages have also recently commented on POFCY. Zacks Investment Research cut shares of Petrofac from a “hold” rating to a “sell” rating in a research note on Thursday, March 25th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Petrofac in a report on Wednesday, March 17th. Investec cut shares of Petrofac from a “buy” rating to a “hold” rating in a research note on Tuesday, January 5th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Petrofac in a research note on Wednesday, March 17th. Finally, Credit Suisse Group reaffirmed a “neutral” rating on shares of Petrofac in a research note on Thursday, December 17th. Two research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. Petrofac currently has an average rating of “Hold” and an average price target of $0.75.

POFCY opened at $0.71 on Wednesday. The stock has a market capitalization of $487.74 million, a price-to-earnings ratio of 1.72 and a beta of 1.48. The company has a fifty day moving average of $0.80 and a 200 day moving average of $0.84. Petrofac has a fifty-two week low of $0.63 and a fifty-two week high of $1.42. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.34 and a current ratio of 1.35.

Petrofac Company Profile

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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