Petrofac (POFCF) Upgraded to “Buy” by Jefferies Group LLC
Petrofac (OTC:POFCF) was upgraded by stock analysts at Jefferies Group LLC from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, StockTargetPrices.com reports.
Other analysts have also recently issued research reports about the company. Sanford C. Bernstein cut Petrofac from a “mkt perform” rating to an “underperform” rating in a report on Wednesday, April 5th. Kepler Capital Markets initiated coverage on Petrofac in a report on Friday, June 9th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Petrofac currently has a consensus rating of “Buy”.
Shares of Petrofac (OTC:POFCF) traded up 5.42% on Thursday, hitting $5.45. The company had a trading volume of 14,368 shares. The company has a 50 day moving average price of $7.96 and a 200 day moving average price of $10.21. The firm has a market capitalization of $1.85 billion and a price-to-earnings ratio of 1816.67. Petrofac has a 1-year low of $4.67 and a 1-year high of $11.96.
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