PFC has been the subject of several other reports. Societe Generale restated a buy rating and set a GBX 921 ($12.02) price objective on shares of Petrofac Limited in a report on Wednesday, June 29th. JPMorgan Chase & Co. dropped their price objective on Petrofac Limited from GBX 944 ($12.32) to GBX 913 ($11.92) and set an overweight rating for the company in a report on Thursday, June 16th. Jefferies Group downgraded Petrofac Limited to a hold rating and dropped their price objective for the stock from GBX 835 ($10.90) to GBX 800 ($10.44) in a report on Thursday, September 15th. Morgan Stanley upped their price objective on Petrofac Limited from GBX 700 ($9.14) to GBX 785 ($10.25) and gave the stock an underweight rating in a report on Wednesday, August 31st. Finally, BNP Paribas restated a neutral rating and set a GBX 830 ($10.83) price objective on shares of Petrofac Limited in a report on Wednesday, June 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. Petrofac Limited currently has a consensus rating of Hold and an average target price of GBX 955.70 ($12.47).
Shares of Petrofac Limited (LON:PFC) opened at 912.00 on Monday. The firm’s 50-day moving average price is GBX 849.14 and its 200-day moving average price is GBX 818.09. The stock’s market capitalization is GBX 3.10 billion. Petrofac Limited has a one year low of GBX 635.00 and a one year high of GBX 1,016.09.
The business also recently declared a dividend, which will be paid on Friday, October 21st. Stockholders of record on Thursday, September 22nd will be given a dividend of GBX 0.22 ($0.00) per share. The ex-dividend date is Thursday, September 22nd. This represents a dividend yield of 2.06%.
About Petrofac Limited
Petrofac Limited is an international service provider to the oil and gas production and processing industry. The Company designs, builds, operates and maintains oil and gas facilities, delivered through a range of commercial models, enabling it to respond to the distinct needs of each client and enabling them to manage their assets across the oil and gas life cycle.
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