Petrofac Limited (PFC) Receives Buy Rating from Societe Generale
Petrofac Limited (LON:PFC)‘s stock had its “buy” rating reaffirmed by stock analysts at Societe Generale in a research report issued to clients and investors on Friday. They presently have a GBX 530 ($6.84) target price on the stock. Societe Generale’s target price suggests a potential upside of 20.29% from the stock’s current price.
PFC has been the topic of a number of other reports. Jefferies Group LLC restated a “buy” rating and issued a GBX 500 ($6.46) target price on shares of Petrofac Limited in a research note on Thursday, August 31st. Royal Bank Of Canada downgraded shares of Petrofac Limited to an “underperform” rating and dropped their target price for the stock from GBX 1,000 ($12.91) to GBX 400 ($5.17) in a research note on Friday, May 26th. Kepler Capital Markets started coverage on shares of Petrofac Limited in a research note on Friday, June 9th. They issued a “buy” rating and a GBX 700 ($9.04) target price on the stock. Barclays PLC restated an “overweight” rating on shares of Petrofac Limited in a research note on Thursday, August 31st. Finally, Deutsche Bank AG restated a “sell” rating and issued a GBX 600 ($7.75) target price (down from GBX 775 ($10.01)) on shares of Petrofac Limited in a research note on Friday, May 19th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. Petrofac Limited currently has an average rating of “Hold” and a consensus target price of GBX 683.95 ($8.83).
Shares of Petrofac Limited (LON:PFC) traded down 2.99% during mid-day trading on Friday, reaching GBX 440.60. 2,084,267 shares of the company’s stock traded hands. The firm’s market capitalization is GBX 1.50 billion. Petrofac Limited has a 12-month low of GBX 345.20 and a 12-month high of GBX 978.50. The stock has a 50-day moving average price of GBX 441.03 and a 200 day moving average price of GBX 625.72.
Petrofac Limited (LON:PFC) last issued its earnings results on Wednesday, August 30th. The company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.05. Petrofac Limited had a negative net margin of 0.15% and a negative return on equity of 1.97%. Analysts anticipate that Petrofac Limited will post $1.00 EPS for the current fiscal year.
About Petrofac Limited
Petrofac Limited is a service provider to the oil and gas production and processing industry. The Company designs and builds oil and gas facilities; operates, maintains and manages facilities and trains personnel; enhances production, and develops and co-invests in upstream and infrastructure projects.
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