Petrofac Ltd (POFCY) Receives Average Recommendation of “Hold” from Analysts
Shares of Petrofac Ltd (NASDAQ:POFCY) have been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating. Petrofac’s rating score has declined by 200% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Zacks has also assigned Petrofac an industry rank of 167 out of 265 based on the ratings given to its competitors.
Several analysts recently weighed in on POFCY shares. Zacks Investment Research lowered Petrofac from a “hold” rating to a “sell” rating in a research note on Tuesday, June 21st. RBC Capital Markets started coverage on Petrofac in a research note on Tuesday, October 11th. They issued a “sector perform” rating on the stock. Finally, Goldman Sachs Group Inc. raised Petrofac from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 28th.
Petrofac (NASDAQ:POFCY) opened at 5.69 on Friday. The stock’s 50 day moving average price is $5.52 and its 200 day moving average price is $5.55. The firm’s market capitalization is $3.87 billion. Petrofac has a 52-week low of $4.45 and a 52-week high of $7.00.
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