PETROFAC LTD/ADR (POFCY) Downgraded to Neutral at JPMorgan Chase & Co.

PETROFAC LTD/ADR (OTCMKTS:POFCY) was downgraded by research analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a note issued to investors on Monday, The Fly reports.

A number of other research analysts also recently issued reports on the company. Zacks Investment Research upgraded PETROFAC LTD/ADR from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Jefferies Financial Group raised PETROFAC LTD/ADR from a “hold” rating to a “buy” rating in a research report on Monday, January 7th. Finally, ValuEngine cut PETROFAC LTD/ADR from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 10th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. PETROFAC LTD/ADR presently has an average rating of “Hold” and an average price target of $4.50.

Shares of PETROFAC LTD/ADR stock opened at $2.54 on Monday. PETROFAC LTD/ADR has a 52 week low of $2.52 and a 52 week high of $4.48. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $1.76 billion, a PE ratio of 4.98 and a beta of 1.18.

PETROFAC LTD/ADR Company Profile

Petrofac Ltd. engages in the provision of services to the oil and gas production and processing industry. It offers engineering and construction; operations and maintenance; and training and competence. The company was founded in 1981 and is headquartered in Jersey, the United Kingdom.

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