Zacks: Petrofac Ltd (POFCY) Receives Average Recommendation of “Hold” from Brokerages
Petrofac Ltd (NASDAQ:POFCY) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating. Petrofac’s rating score has declined by 200% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Zacks has also given Petrofac an industry rank of 171 out of 265 based on the ratings given to its competitors.
POFCY has been the subject of a number of recent research reports. Goldman Sachs Group Inc. upgraded shares of Petrofac from a “neutral” rating to a “buy” rating in a report on Wednesday, September 28th. Zacks Investment Research downgraded shares of Petrofac from a “hold” rating to a “sell” rating in a report on Tuesday, September 20th. Finally, RBC Capital Markets initiated coverage on shares of Petrofac in a report on Tuesday. They issued a “sector perform” rating for the company.
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Shares of Petrofac (NASDAQ:POFCY) traded up 0.89% during mid-day trading on Friday, hitting $5.67. The company had a trading volume of 2,774 shares. The firm has a 50-day moving average price of $5.52 and a 200 day moving average price of $5.56. The firm’s market capitalization is $3.86 billion. Petrofac has a 52-week low of $4.45 and a 52-week high of $7.21.
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