Petrofac - PFC Share Forecast, Price & News

Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES). The E&C segment provides onshore and offshore engineering, procurement, construction, installation, and commissioning services. The Asset Solutions segment offers concept, feasibility, and front-end engineering design services, as well as manages and maintains onshore and offshore operations. The IES segment provides an integrated services for clients under flexible commercial models that are aligned with their requirements. Petrofac Limited was founded in 1981 and is based in St Helier, Jersey.

Petrofac Stock Performance

Shares of Petrofac stock opened at GBX 117.70 ($1.42) on Tuesday. The stock has a market cap of £613.40 million and a price-to-earnings ratio of -2.67. The company has a quick ratio of 1.26, a current ratio of 1.39 and a debt-to-equity ratio of 209.28. Petrofac has a twelve month low of GBX 95.45 ($1.15) and a twelve month high of GBX 203.34 ($2.46). The company's fifty day moving average is GBX 117.64 and its 200 day moving average is GBX 121.69.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PFC. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 200 ($2.42) price target on shares of Petrofac in a report on Friday. JPMorgan Chase & Co. cut their target price on Petrofac from GBX 180 ($2.17) to GBX 175 ($2.11) and set an "overweight" rating on the stock in a research note on Friday. Finally, Barclays restated an "equal weight" rating and issued a GBX 200 ($2.42) target price on shares of Petrofac in a research note on Friday.

Insider Buying and Selling

In related news, insider Francesca Di Carlo bought 4,526 shares of the business's stock in a transaction dated Tuesday, July 5th. The shares were purchased at an average price of GBX 110 ($1.33) per share, with a total value of £4,978.60 ($6,015.71).