Petrofac (OTCMKTS:POFCY) Sets New 1-Year Low at $0.53

Petrofac Limited (OTCMKTS:POFCYGet Rating) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $0.53 and last traded at $0.59, with a volume of 4403 shares changing hands. The stock had previously closed at $0.64.

Wall Street Analyst Weigh In

Separately, Cheuvreux lowered Petrofac from a “buy” rating to a “hold” rating and set a GBX 140 ($1.69) price target on the stock. in a research note on Wednesday, August 24th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.33.

Petrofac Stock Performance

The company has a debt-to-equity ratio of 1.58, a current ratio of 1.39 and a quick ratio of 1.38. The business has a 50 day moving average price of $0.68 and a 200-day moving average price of $0.76.

About Petrofac

(Get Rating)

Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES).

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