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At the identical time although, Petrofac has launched a cost-cutting process and what it calls “proper-sizing” program in mild of the lower orders. It mentioned it has strengthened its stability sheet, though there are some one-off outflows from the sale of its Mexican belongings, and improved liquidity. Enter your e-mail address below to receive a concise day by day summary of analysts’ upgrades, downgrades and new coverage with MarketBeat.com’s FREE daily e mail e-newsletter.
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The consensus among Wall Street analysts is that traders ought to “hold” Petrofac stock. A hold score signifies that analysts imagine traders ought to maintain any present positions they have in PFC, but not purchase extra shares or promote existing shares. View analyst scores for Petrofac or view prime-rated stocks.
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Wall Street analysts have given Petrofac a “Hold” rating, but there may be higher short-term opportunities out there. Some of MarketBeat’s past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just launched 5 new buying and selling ideas, but Petrofac wasn’t certainly one of them. MarketBeat thinks these 5 stocks may be even higher buys. 11 Wall Street analysts have issued “buy,” “hold,” and “promote” scores for Petrofac within the last twelve months. There are at present 3 sell ratings, 7 hold ratings and 1 purchase rating for the stock.
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