Petrofac (OTCMKTS:POFCF) Stock Rating Upgraded by Royal Bank of Canada

Petrofac (OTCMKTS:POFCF) was upgraded by stock analysts at Royal Bank of Canada from an “underperform” rating to a “sector perform” rating in a report released on Thursday, Automated Import reports.

Several other research firms have also weighed in on POFCF. Morgan Stanley set a $35.00 price objective on shares of Tenaris and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Goldman Sachs Group reiterated a “neutral” rating and issued a $36.00 price objective on shares of General Motors in a research note on Tuesday, March 26th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Petrofac has a consensus rating of “Hold”.

OTCMKTS:POFCF opened at $5.50 on Thursday. The company has a fifty day moving average of $5.38. Petrofac has a twelve month low of $4.79 and a twelve month high of $8.80.

Petrofac Company Profile

Petrofac Limited, an oilfield service company, provides facilities solutions to the oil and gas production and processing industry worldwide. The company operates through three segments: Engineering & Construction; Engineering & Production Services; and Integrated Energy Services. The Engineering & Construction segment provides engineering, procurement, construction, installation, and commissioning services to the onshore oil and gas industry.

See Also: Why investors pay attention to retained earnings

Analyst Recommendations for Petrofac (OTCMKTS:POFCF)

Receive News & Ratings for Petrofac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petrofac and related companies with's FREE daily email newsletter.