Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Petrofac ( (GB:PFC) ) just unveiled an update.
Petrofac Limited has announced an extension of its Lock-Up Agreement as part of its ongoing restructuring efforts, with bondholders and creditors supporting the extension until November 2025. The company is actively pursuing various routes to complete its restructuring, including an appeal to the Supreme Court following a Court of Appeal judgment. Despite financial constraints, Petrofac reported strong business performance in the first half of 2025, securing major contracts with ADNOC and maintaining a robust project pipeline, particularly in the MENA region. The company has also improved its liquidity position, reflecting effective cash flow management and supportive client relationships.
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 significant markets 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 the Group’s Full Year 2024 Audited Accounts.
Average Trading Volume: 31,706,900
Technical Sentiment Signal: Strong Sell
Current Market Cap: £20.59M
See more insights into PFC stock on TipRanks’ Stock Analysis page.