Petrofac (OTCMKTS:POFCF) Stock Price Up 2.5%

Petrofac Limited (OTCMKTS:POFCF)’s stock price rose 2.5% during mid-day trading on Monday . The company traded as high as $5.30 and last traded at $5.30, approximately 0 shares changed hands during mid-day trading. A decline of 100% from the average daily volume of 8,959 shares. The stock had previously closed at $5.17.

A number of research analysts have recently commented on POFCF shares. Morgan Stanley reaffirmed an “equal weight” rating on shares of Petrofac in a research note on Wednesday, July 3rd. Royal Bank of Canada raised shares of Petrofac from an “underperform” rating to a “sector perform” rating in a research note on Thursday, July 18th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold”.

The stock’s 50-day moving average is $4.89 and its 200-day moving average is $5.48.

Petrofac Company Profile (OTCMKTS:POFCF)

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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