Jefferies Financial Group reaffirmed their hold rating on shares of Petrofac (LON:PFC) in a research note released on Friday, ThisIsMoney.Co.Uk reports.

Other analysts also recently issued reports about the company. Royal Bank of Canada decreased their target price on Petrofac from GBX 600 ($7.38) to GBX 330 ($4.06) and set a sector performer rating for the company in a research report on Wednesday, May 20th. JPMorgan Chase & Co. decreased their target price on Petrofac from GBX 300 ($3.69) to GBX 270 ($3.32) and set a neutral rating for the company in a research report on Thursday, June 25th. Credit Suisse Group decreased their target price on Petrofac from GBX 200 ($2.46) to GBX 170 ($2.09) and set a neutral rating for the company in a research report on Wednesday, May 20th. Morgan Stanley decreased their target price on Petrofac from GBX 180 ($2.22) to GBX 165 ($2.03) and set an equal weight rating for the company in a research report on Monday, May 18th. Finally, Barclays reissued an overweight rating on shares of Petrofac in a research report on Thursday, June 25th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 322.43 ($3.97).

Shares of Petrofac stock opened at GBX 179.40 ($2.21) on Friday. The business’s fifty day simple moving average is GBX 189.46 and its 200 day simple moving average is GBX 276.47. The firm has a market capitalization of $649.11 million and a P/E ratio of 8.58. Petrofac has a 12 month low of GBX 146.65 ($1.80) and a 12 month high of GBX 460.30 ($5.66). The company has a current ratio of 1.26, a quick ratio of 1.01 and a debt-to-equity ratio of 158.64.

In other Petrofac news, insider David Davies acquired 2,505 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The stock was bought at an average price of £199.60 ($245.63) per share, with a total value of £499,998 ($615,306.42). Also, insider Alastair Cochran acquired 37,749 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The shares were acquired at an average cost of GBX 213 ($2.62) per share, with a total value of £80,405.37 ($98,948.28).

About Petrofac

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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Analyst Recommendations for Petrofac (LON:PFC)

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