Petrofac (LON:PFC) Stock Price Passes Above 200-Day Moving Average of $118.67

Petrofac Limited (LON:PFC) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 118.67 ($1.61) and traded as high as GBX 145.37 ($1.97). Petrofac shares last traded at GBX 144 ($1.95), with a volume of 3,285,513 shares changing hands.

A number of brokerages have issued reports on PFC. Barclays reaffirmed an “equal weight” rating and issued a GBX 200 ($2.71) target price on shares of Petrofac in a research report on Friday, December 17th. JPMorgan Chase & Co. cut their target price on Petrofac from GBX 170 ($2.31) to GBX 160 ($2.17) and set an “overweight” rating on the stock in a research report on Friday, December 10th.

The stock has a 50-day simple moving average of GBX 120.05 and a 200-day simple moving average of GBX 118.67. The company has a market capitalization of £748.54 million and a price-to-earnings ratio of -3.51. The company has a current ratio of 0.99, a quick ratio of 0.89 and a debt-to-equity ratio of 328.69.

In other news, insider Andrea Abt purchased 3,906 shares of the company’s stock in a transaction that occurred on Thursday, January 6th. The shares were acquired at an average cost of GBX 128 ($1.74) per share, with a total value of £4,999.68 ($6,786.59).

Petrofac Company Profile (LON:PFC)

Petrofac Limited, an energy company, provides services to the oil and gas production and processing industry worldwide. It operates through three segments: Engineering & Construction (E&C); Engineering & Production Services (EPS); and Integrated Energy Services (IES). The E&C segment provides onshore and offshore engineering, procurement, construction, installation, and commissioning services.

Further Reading: Trade Deficit

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