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The latest announcement is out from Petrofac ( (GB:PFC) ).
Petrofac Limited has announced a restructuring update, confirming that the process will result in no residual value for existing shareholders. The company aims to complete the restructuring by the end of November 2025 and is making significant progress, including the anticipated conclusion of a Lock Up Agreement to support operational capabilities. This development is crucial for Petrofac’s ongoing delivery and operational stability, impacting its market positioning and stakeholder interests.
The most recent analyst rating on (GB:PFC) stock is a Hold with a £0.20 price target. To see the full list of analyst forecasts on Petrofac stock, see the GB:PFC Stock Forecast page.
More about Petrofac
Petrofac is a leading international service provider to the energy industry, designing, building, managing, and maintaining infrastructure for oil, gas, refining, petrochemicals, and renewable energy. The company operates primarily in the Middle East, North Africa, and the UK North Sea, with additional markets in India, South East Asia, and the United States. Petrofac is listed on the London Stock Exchange, though trading is currently suspended pending the publication of the Group’s Full Year 2024 Audited Accounts.
Average Trading Volume: 31,706,900
Technical Sentiment Signal: Strong Sell
Current Market Cap: £20.59M
Learn more about PFC stock on TipRanks’ Stock Analysis page.