Separately, Credit Suisse Group AG began coverage on Petrofac in a report on Monday, September 19th. They issued an “outperform” rating for the company.
Shares of Petrofac (NASDAQ:POFCF) remained flat at $11.00 during midday trading on Wednesday. Petrofac has a 1-year low of $9.11 and a 1-year high of $14.25. The firm’s market cap is $3.74 billion. The firm has a 50-day moving average of $10.76 and a 200-day moving average of $11.31.
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