PETROFAC LTD/ADR (POFCY) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of PETROFAC LTD/ADR (OTCMKTS:POFCY) from a sell rating to a hold rating in a report published on Tuesday morning.

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. “

A number of other research firms have also commented on POFCY. ValuEngine lowered shares of PETROFAC LTD/ADR from a sell rating to a strong sell rating in a research report on Saturday, November 10th. Jefferies Financial Group upgraded shares of PETROFAC LTD/ADR from a hold rating to a buy rating in a research report on Monday, January 7th.

OTCMKTS:POFCY opened at $3.45 on Tuesday. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 6.76 and a beta of 1.18. PETROFAC LTD/ADR has a 12 month low of $2.73 and a 12 month high of $4.48. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.10.

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 Jersey, the United Kingdom.

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