Zacks Investment Research upgraded shares of PETROFAC Ltd/ADR (OTCMKTS:POFCY) from a hold rating to a buy rating in a research report report published on Thursday, September 20th. They currently have $4.50 target price on the stock.

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. “

Shares of OTCMKTS POFCY remained flat at $$4.05 during mid-day trading on Thursday. The company had a trading volume of 72 shares, compared to its average volume of 9,700. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.10. PETROFAC Ltd/ADR has a one year low of $2.56 and a one year high of $4.48. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 7.94 and a beta of 1.11.

The firm also recently declared a Semi-Annual dividend, which will be paid on Monday, November 5th. Stockholders of record on Friday, September 21st will be issued a dividend of $0.052 per share. The ex-dividend date of this dividend is Thursday, September 20th. PETROFAC Ltd/ADR’s payout ratio is currently 19.61%.

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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