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 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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