Petrofac (POFCF) Cut to “Hold” at Kepler Capital Markets

Kepler Capital Markets cut shares of Petrofac (OTCMKTS:POFCF) from a buy rating to a hold rating in a research note published on Tuesday morning.

POFCF has been the subject of several other reports. Jefferies Group raised Petrofac from a hold rating to a buy rating in a research report on Tuesday, March 6th. Morgan Stanley reaffirmed an underweight rating on shares of Petrofac in a research report on Friday, February 23rd.

Petrofac opened at $8.46 on Tuesday, MarketBeat.com reports. Petrofac has a 1 year low of $4.67 and a 1 year high of $8.95.

About Petrofac

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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