Petrofac Limited (PFC) Insider Tim Weller Purchases 13 Shares
Petrofac Limited (LON:PFC) insider Tim Weller purchased 13 shares of Petrofac Limited stock in a transaction on Monday, October 17th. The stock was bought at an average price of GBX 930 ($11.33) per share, for a total transaction of £120.90 ($147.35).
Shares of Petrofac Limited (LON:PFC) opened at 903.50 on Wednesday. Petrofac Limited has a 12-month low of GBX 635.00 and a 12-month high of GBX 1,016.09. The company’s market cap is GBX 3.07 billion. The stock has a 50 day moving average of GBX 864.49 and a 200 day moving average of GBX 820.12.
The firm also recently announced a dividend, which will be paid on Friday, October 21st. Stockholders of record on Thursday, September 22nd will be given a GBX 0.22 ($0.00) dividend. This represents a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, September 22nd.
A number of analysts have issued reports on the stock. Canaccord Genuity upgraded shares of Petrofac Limited to a “buy” rating and lifted their price target for the company from GBX 775 ($9.45) to GBX 850 ($10.36) in a report on Tuesday, July 5th. Societe Generale upgraded shares of Petrofac Limited to a “hold” rating in a report on Friday, July 22nd. Liberum Capital restated a “buy” rating and issued a GBX 1,000 ($12.19) target price on shares of Petrofac Limited in a report on Wednesday, August 24th. Deutsche Bank AG started coverage on shares of Petrofac Limited in a report on Wednesday, August 31st. They issued a “hold” rating and a GBX 900 ($10.97) target price on the stock. Finally, Jefferies Group upgraded shares of Petrofac Limited to a “buy” rating and reduced their target price for the stock from GBX 855 ($10.42) to GBX 835 ($10.18) in a report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Petrofac Limited currently has a consensus rating of “Buy” and a consensus price target of GBX 984 ($11.99).
Petrofac Limited Company Profile
Petrofac Limited is an international service provider to the oil and gas production and processing industry. The Company designs, builds, operates and maintains oil and gas facilities, delivered through a range of commercial models, enabling it to respond to the distinct needs of each client and enabling them to manage their assets across the oil and gas life cycle.
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