Petrofac Limited (POFCF) Given Average Rating of “Buy” by Analysts

Petrofac Limited (OTCMKTS:POFCF) has been given a consensus rating of “Buy” by the seven ratings firms that are covering the firm, reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company.

POFCF has been the subject of several recent research reports. Berenberg Bank initiated coverage on Petrofac in a report on Tuesday, February 26th. They set a “hold” rating for the company. Morgan Stanley upgraded Petrofac from an “equal weight” rating to an “overweight” rating in a report on Wednesday, January 16th. Jefferies Financial Group upgraded Petrofac from a “hold” rating to a “buy” rating in a report on Monday, January 7th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Petrofac in a report on Monday, February 11th. Finally, HSBC initiated coverage on Petrofac in a report on Tuesday, January 22nd. They set a “buy” rating for the company.

Shares of OTCMKTS:POFCF remained flat at $$6.09 during trading on Friday. Petrofac has a one year low of $4.79 and a one year high of $8.95.

About Petrofac

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.

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Analyst Recommendations for Petrofac (OTCMKTS:POFCF)

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