Petrofac (OTCMKTS:POFCY) Cut to Hold at ValuEngine

Petrofac (OTCMKTS:POFCY) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Monday, April 2nd.

A number of other research firms have also recently weighed in on POFCY. Zacks Investment Research upgraded Petrofac from a “hold” rating to a “buy” rating and set a $3.75 price target on the stock in a research note on Wednesday, March 21st. Morgan Stanley cut Petrofac from an “equal weight” rating to an “underweight” rating in a research note on Friday, February 23rd.

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OTCMKTS:POFCY traded down $0.04 during midday trading on Monday, reaching $3.91. The company had a trading volume of 743 shares, compared to its average volume of 17,190. Petrofac has a 12-month low of $2.20 and a 12-month high of $5.52. The company has a current ratio of 1.12, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90.

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About Petrofac

Petrofac Limited, an oilfield service company, provides facilities solutions to the oil and gas production and processing industry worldwide. It operates through three segments: Engineering & Construction, Engineering & Production Services, and Integrated Energy Services. The Engineering & Construction segment provides engineering, procurement, and construction project execution services to the onshore oil and gas industry.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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