Petrofac’s (POFCY) “Equal Weight” Rating Reaffirmed at Barclays

Petrofac (OTCMKTS:POFCY)‘s stock had its “equal weight” rating reissued by Barclays in a report issued on Thursday, The Fly reports.

Other analysts have also issued reports about the company. Credit Suisse Group reaffirmed a “neutral” rating on shares of Petrofac in a report on Thursday, December 17th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Petrofac in a research note on Wednesday, March 17th. Royal Bank of Canada reissued a “sector perform” rating on shares of Petrofac in a research note on Wednesday, March 17th. Investec lowered Petrofac from a “buy” rating to a “hold” rating in a report on Tuesday, January 5th. Finally, Zacks Investment Research lowered shares of Petrofac from a “hold” rating to a “sell” rating in a report on Thursday, March 25th. Two equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $0.75.

OTCMKTS:POFCY traded up $0.06 during mid-day trading on Thursday, hitting $0.71. The company’s stock had a trading volume of 7,642 shares, compared to its average volume of 13,313. The business’s fifty day moving average is $0.80 and its two-hundred day moving average is $0.84. The stock has a market cap of $487.74 million, a price-to-earnings ratio of 1.72 and a beta of 1.48. Petrofac has a 1 year low of $0.63 and a 1 year high of $1.42. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.35 and a quick ratio of 1.34.

Petrofac Limited, an oilfield service company, provides services to the oil and gas production and processing industry worldwide. The company operates through three segments: Engineering & Construction; Engineering & Production Services; and Integrated Energy Services. The Engineering & Construction segment provides onshore and offshore engineering, procurement, construction, installation, and commissioning services.

Read More: What are the most popular ETFs

Receive News & Ratings for Petrofac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petrofac and related companies with MarketBeat.com's FREE daily email newsletter.