Petrofac (OTCMKTS:POFCF) Shares Down 0.8%

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Petrofac Limited (OTCMKTS:POFCF)’s share price dropped 0.8% during trading on Tuesday . The company traded as low as $5.11 and last traded at $5.11, approximately 1,000 shares traded hands during mid-day trading. A decline of 89% from the average daily volume of 8,959 shares. The stock had previously closed at $5.15.

POFCF has been the subject of a number of research reports. Morgan Stanley reissued an “equal weight” rating on shares of Petrofac in a research note on Wednesday, July 3rd. Royal Bank of Canada raised Petrofac from an “underperform” rating to a “sector perform” rating in a research note on Thursday, July 18th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold”.

The stock has a 50 day simple moving average of $5.22 and a 200 day simple moving average of $5.37.

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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