Separately, Zacks Investment Research cut shares of Petrofac from a hold rating to a sell rating in a research report on Saturday, June 17th.
Shares of Petrofac (NASDAQ:POFCY) traded up 0.34% during midday trading on Friday, reaching $2.95. 15,687 shares of the company’s stock traded hands. The company has a 50-day moving average of $2.81 and a 200-day moving average of $3.86. Petrofac has a one year low of $2.20 and a one year high of $5.93. The company has a market capitalization of $2.01 billion and a price-to-earnings ratio of 34.30.
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