Petrofac (LON:PFC) had its target price boosted by Credit Suisse Group from GBX 440 ($6.08) to GBX 460 ($6.36) in a report issued on Monday. They currently have a neutral rating on the stock.
Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of Petrofac from GBX 560 ($7.74) to GBX 590 ($8.15) and gave the stock an overweight rating in a research report on Friday, February 2nd. Goldman Sachs Group upped their price objective on shares of Petrofac from GBX 575 ($7.94) to GBX 648 ($8.95) and gave the stock a buy rating in a research report on Thursday, February 1st. Kepler Capital Markets upped their price objective on shares of Petrofac from GBX 600 ($8.29) to GBX 660 ($9.12) and gave the stock a buy rating in a research report on Friday, March 2nd. Numis Securities restated a buy rating and set a GBX 700 ($9.67) price objective on shares of Petrofac in a research report on Friday, March 2nd. Finally, Morgan Stanley cut shares of Petrofac to an underweight rating and set a GBX 475 ($6.56) price objective for the company. in a research report on Friday, February 23rd. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of GBX 560.53 ($7.74).
Petrofac (PFC) opened at GBX 504.14 ($6.97) on Monday. Petrofac has a 52-week low of GBX 4.24 ($0.06) and a 52-week high of GBX 955 ($13.19). The company has a market capitalization of $1,730.00 and a P/E ratio of -8,402.27.
The firm also recently announced a dividend, which will be paid on Friday, May 25th. Stockholders of record on Thursday, April 26th will be issued a dividend of $0.25 per share. This is a positive change from Petrofac’s previous dividend of $0.13. The ex-dividend date of this dividend is Thursday, April 26th. This represents a dividend yield of 4.3%.
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Petrofac Company Profile
Petrofac Limited is a service provider to the oil and gas production and processing industry. The Company designs and builds oil and gas facilities; operates, maintains and manages facilities and trains personnel; enhances production, and develops and co-invests in upstream and infrastructure projects.
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