JPMorgan Chase & Co. Downgrades PETROFAC LTD/ADR (POFCY) to Neutral

JPMorgan Chase & Co. lowered shares of PETROFAC LTD/ADR (OTCMKTS:POFCY) from an overweight rating to a neutral rating in a research report released on Monday morning, The Fly reports.

A number of other research analysts have also commented on the company. ValuEngine lowered PETROFAC LTD/ADR from a sell rating to a strong sell rating in a report on Saturday, November 10th. Jefferies Financial Group raised PETROFAC LTD/ADR from a hold rating to a buy rating in a report on Monday, January 7th. Finally, Zacks Investment Research lowered PETROFAC LTD/ADR from a buy rating to a hold rating in a report on Tuesday, November 20th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. PETROFAC LTD/ADR presently has an average rating of Hold and a consensus target price of $4.50.

Shares of OTCMKTS POFCY opened at $2.47 on Monday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.10. PETROFAC LTD/ADR has a one year low of $2.47 and a one year high of $4.48. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 4.84 and a beta of 1.18.

PETROFAC LTD/ADR Company Profile

Petrofac Ltd. engages in the provision of services to the oil and gas production and processing industry. It offers engineering and construction; operations and maintenance; and training and competence. The company was founded in 1981 and is headquartered in Jersey, the United Kingdom.

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