PETROFAC LTD/ADR (OTCMKTS:POFCY) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of PETROFAC LTD/ADR (OTCMKTS:POFCY) from a hold rating to a buy rating in a report released on Saturday morning, Zacks.com reports. Zacks Investment Research currently has $2.75 target price on the stock.

According to Zacks, “Petrofac Limited is an oilfield service company serving the oil and gas production and processing industry. It operates in four segments: Onshore Engineering & Construction, Offshore Projects & Operations, Engineering & Consulting Services and Integrated Energy Services. The company has operations primarily in the United Arab Emirates, the United Kingdom, Turkmenistan, Malaysia, Algeria, Kuwait, Qatar and other countries. Petrofac Limited is based in St Helier, the Channel Islands. “

POFCY stock opened at $2.58 on Friday. The business’s 50-day moving average price is $2.41 and its 200-day moving average price is $2.73. The stock has a market cap of $1.69 billion, a P/E ratio of 4.96 and a beta of 1.09. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.37. PETROFAC LTD/ADR has a twelve month low of $2.27 and a twelve month high of $4.31.

The company also recently announced a Semi-Annual dividend, which will be paid on Monday, November 4th. Investors of record on Friday, September 20th will be issued a $0.056 dividend. This is a positive change from PETROFAC LTD/ADR’s previous Semi-Annual dividend of $0.05. The ex-dividend date is Thursday, September 19th. PETROFAC LTD/ADR’s dividend payout ratio is currently 42.31%.

PETROFAC LTD/ADR Company Profile

Petrofac Ltd. engages in the provision of services to the oil and gas production and processing industry. It offers engineering and construction; operations and maintenance; and training and competence. The company was founded in 1981 and is headquartered in St. Helier, the United Kingdom.

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