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The latest announcement is out from Petrofac ( (GB:PFC) ).
Petrofac Limited has announced an extension of its Lock-Up Agreement as part of its ongoing restructuring plan, with bondholders and creditors showing continued support. The company is seeking to appeal a recent court judgment while maintaining operational stability and securing new contracts, including significant deals with ADNOC. Despite financial constraints, Petrofac has increased its net liquidity and maintained a strong project pipeline, particularly in the MENA region, indicating resilience and ongoing client trust.
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, specializing in designing, building, managing, and maintaining oil, gas, refining, petrochemicals, and renewable energy infrastructure. The company operates primarily in the Middle East and North Africa (MENA) region and the UK North Sea, with additional operations in India, South East Asia, and the United States. Petrofac is listed on the London Stock Exchange, although trading is currently suspended pending the publication of its Full Year 2024 Audited Accounts.
Average Trading Volume: 31,706,900
Technical Sentiment Signal: Strong Sell
Current Market Cap: £20.59M
For a thorough assessment of PFC stock, go to TipRanks’ Stock Analysis page.