Royal Bank of Canada upgraded shares of Petrofac (OTCMKTS:POFCF) from an underperform rating to a sector perform rating in a research note published on Thursday morning, Briefing.com Automated Import reports.
POFCF has been the topic of several other reports. Goldman Sachs Group reissued a neutral rating and issued a $36.00 price objective on shares of General Motors in a research report on Tuesday, March 26th. Morgan Stanley set a $35.00 price objective on shares of Tenaris and gave the company a buy rating in a research report on Wednesday, July 3rd. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold.
Shares of POFCF opened at $5.50 on Thursday. The company has a 50-day moving average of $5.38. Petrofac has a fifty-two week low of $4.79 and a fifty-two week high of $8.80.
Petrofac Limited, an oilfield service company, provides facilities solutions 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 engineering, procurement, construction, installation, and commissioning services to the onshore oil and gas industry.
See Also: Net Margin
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