Equities researchers at Credit Suisse Group AG began coverage on shares of Petrofac (OTCMKTS:POFCF) in a research note issued to investors on Monday, StockTargetPrices.com reports. The brokerage set an “outperform” rating on the stock.

Shares of Petrofac (OTCMKTS:POFCF) opened at 11.1502 on Monday. The firm’s 50-day moving average price is $10.64 and its 200-day moving average price is $11.41. Petrofac has a one year low of $9.11 and a one year high of $14.25. The company’s market capitalization is $3.79 billion.

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