Petrofac (LON:PFC) Stock Rating Reaffirmed by Barclays

Petrofac (LON:PFC – Get Rating)‘s stock had its “equal weight” rating reiterated by research analysts at Barclays in a research note issued to investors on Friday, MarketBeat reports. They presently have a GBX 200 ($2.51) target price on the stock. Barclays‘s target price would suggest a potential upside of 176.24% from the company’s current price.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 110 ($1.38) price objective on shares of Petrofac in a research note on Wednesday, April 12th.

Petrofac Trading Down 4.0 %

Petrofac stock opened at GBX 72.40 ($0.91) on Friday. The company has a 50 day moving average price of GBX 66.65 and a 200 day moving average price of GBX 79.52. Petrofac has a 52 week low of GBX 45.38 ($0.57) and a 52 week high of GBX 161.20 ($2.02). The company has a debt-to-equity ratio of 208.51, a quick ratio of 1.31 and a current ratio of 1.43. The firm has a market capitalization of £377.96 million, a price-to-earnings ratio of -164.55, a P/E/G ratio of -6.27 and a beta of 0.89.

Insider Buying and Selling at Petrofac

In related news, insider David Davies bought 6,588 shares of the firm’s stock in a transaction on Wednesday, April 5th. The stock was bought at an average price of GBX 76 ($0.95) per share, with a total value of £5,006.88 ($6,271.93). Company insiders own 16.62% of the company’s stock.

Petrofac Company Profile

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Petrofac Limited designs, builds, manages, and maintains infrastructure for the energy industries in the United Kingdom, Algeria, Thailand, Oman, Kuwait, Iraq, the United Arab Emirates, the Netherlands, and internationally. It operates through three segments: Engineering & Construction (E&C); Asset Solutions; and Integrated Energy Services (IES).