Petrofac (LON:PFC) Stock Rating Upgraded by Goldman Sachs Group
Petrofac (LON:PFC) was upgraded by stock analysts at Goldman Sachs Group to a “buy” rating in a report issued on Tuesday, Stock Target Advisor reports. The firm presently has a GBX 316 ($4.16) price objective on the stock, down from their prior price objective of GBX 433 ($5.70). Goldman Sachs Group’s target price would indicate a potential upside of 74.59% from the stock’s previous close.
PFC has been the topic of a number of other research reports. HSBC cut their target price on shares of Petrofac from GBX 375 ($4.93) to GBX 365 ($4.80) and set a “hold” rating on the stock in a research note on Thursday, February 27th. Societe Generale cut their target price on shares of Petrofac from GBX 740 ($9.73) to GBX 595 ($7.83) and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Barclays cut their target price on shares of Petrofac from GBX 600 ($7.89) to GBX 570 ($7.50) and set an “overweight” rating on the stock in a research note on Wednesday, December 18th. Berenberg Bank lifted their target price on shares of Petrofac from GBX 420 ($5.52) to GBX 440 ($5.79) and gave the company a “hold” rating in a research note on Wednesday, February 26th. Finally, Kepler Capital Markets lifted their target price on shares of Petrofac from GBX 420 ($5.52) to GBX 450 ($5.92) and gave the company a “hold” rating in a research note on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 480.71 ($6.32).
Shares of PFC traded up GBX 10.35 ($0.14) during trading hours on Tuesday, reaching GBX 181 ($2.38). 3,211,687 shares of the company traded hands, compared to its average volume of 3,540,000. The company’s fifty day moving average price is GBX 312.50 and its two-hundred day moving average price is GBX 375.19. The company has a market capitalization of $626.10 million and a price-to-earnings ratio of 8.50. The company has a quick ratio of 1.01, a current ratio of 1.26 and a debt-to-equity ratio of 158.64. Petrofac has a 12 month low of GBX 190.55 ($2.51) and a 12 month high of GBX 530 ($6.97).
Petrofac Limited, an oilfield service company, provides facilities solutions to the oil and gas production and processing industry worldwide. It operates through three segments: Engineering & Construction, Engineering & Production Services, and Integrated Energy Services. The Engineering & Construction segment provides engineering, procurement, and construction project execution services to the onshore oil and gas industry.
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