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, Briefing.com 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.
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