Insider Buying: Petrofac Limited (PFC) Insider Buys 13 Shares of Stock
Petrofac Limited (LON:PFC) insider Tim Weller acquired 13 shares of the firm’s stock in a transaction that occurred on Monday, October 17th. The stock was acquired at an average price of GBX 930 ($11.33) per share, with a total value of £120.90 ($147.35).
Petrofac Limited (LON:PFC) opened at 931.00 on Tuesday. Petrofac Limited has a one year low of GBX 635.00 and a one year high of GBX 1,016.09. The firm’s market capitalization is GBX 3.17 billion. The firm has a 50-day moving average price of GBX 863.40 and a 200-day moving average price of GBX 820.24.
The business also recently announced a dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, September 22nd will be given a dividend of GBX 0.22 ($0.00) per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a dividend yield of 2.06%.
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Several equities research analysts have commented on the company. Royal Bank Of Canada restated a “sector performer” rating and issued a GBX 1,050 ($12.80) target price on shares of Petrofac Limited in a research note on Tuesday, October 11th. Raymond James Financial Inc. restated a “strong-buy” rating and issued a GBX 1,200 ($14.63) target price on shares of Petrofac Limited in a research note on Monday. Liberum Capital restated a “buy” rating on shares of Petrofac Limited in a research note on Thursday, October 13th. Credit Suisse Group AG restated an “outperform” rating and issued a GBX 1,100 ($13.41) target price on shares of Petrofac Limited in a research note on Friday, October 7th. Finally, Canaccord Genuity restated a “hold” rating and issued a GBX 850 ($10.36) target price on shares of Petrofac Limited in a research note on Monday, October 3rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Petrofac Limited has a consensus rating of “Buy” and an average target price of GBX 984 ($11.99).
Petrofac Limited Company Profile
Petrofac Limited is an international service provider to the oil and gas production and processing industry. The Company designs, builds, operates and maintains oil and gas facilities, delivered through a range of commercial models, enabling it to respond to the distinct needs of each client and enabling them to manage their assets across the oil and gas life cycle.
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