Petrofac Limited (OTCMKTS:POFCY – Get Rating) reached a new 52-week low during trading on Friday . The company traded as low as $0.53 and last traded at $0.59, with a volume of 4403 shares traded. The stock had previously closed at $0.64.
Wall Street Analyst Weigh In
Separately, Cheuvreux lowered Petrofac from a “buy” rating to a “hold” rating and set a GBX 140 ($1.69) price target on the stock. in a research report on Wednesday, August 24th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $153.33.
Petrofac Stock Down 8.0 %
The company has a debt-to-equity ratio of 1.58, a current ratio of 1.39 and a quick ratio of 1.38. The stock has a 50 day simple moving average of $0.68 and a two-hundred day simple moving average of $0.76.
Petrofac Company Profile
Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES).
- Get a free copy of the StockNews.com research report on Petrofac (POFCY)
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