ValuEngine Upgrades Petrofac (POFCY) to Buy
Petrofac (OTCMKTS:POFCY) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday.
A number of other equities research analysts have also recently issued reports on the company. Royal Bank Of Canada upgraded Petrofac from an “underperform” rating to a “sector perform” rating in a report on Friday, September 15th. Zacks Investment Research cut Petrofac from a “hold” rating to a “sell” rating in a research note on Tuesday, September 5th.
Shares of Petrofac (OTCMKTS:POFCY) traded up $0.08 during trading hours on Friday, hitting $2.89. The stock had a trading volume of 11,724 shares, compared to its average volume of 17,384. Petrofac has a 12 month low of $2.20 and a 12 month high of $5.93. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.28 and a quick ratio of 0.78.
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Petrofac Limited, an oilfield service company, provides facilities solutions to the oil and gas production and processing industry worldwide. It operates through three segments: Engineering & Construction, Engineering & Production Services, and Integrated Energy Services. The Engineering & Construction segment provides engineering, procurement, and construction project execution services to the onshore oil and gas industry.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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