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Petrofac ( (GB:PFC) ) has issued an announcement.
The Court of Appeal has upheld an appeal against Petrofac Limited’s restructuring plan, specifically concerning the terms of New Money financing related to the Thai Oil project. Petrofac is reviewing the judgment and will engage with stakeholders to determine the next steps, which could impact its financial restructuring efforts.
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 Limited operates in the oil and gas industry, providing engineering, procurement, and construction services. The company focuses on delivering projects in the energy sector, particularly in the Middle East and North Africa regions.
Average Trading Volume: 3,906,076
Technical Sentiment Signal: Strong Sell
Current Market Cap: £20.59M
See more data about PFC stock on TipRanks’ Stock Analysis page.