Petrofac traded at 3.98 this Thursday May 1st, increasing 0.01 or 0.25 percent since the previous trading session. Looking back, over the last four weeks, Petrofac gained 28.93 percent. Over the last 12 months, its price fell by 71.37 percent. Looking ahead, we forecast Petrofac to be priced at 3.90 by the end of this quarter and at 3.67 in one year, according to Trading Economics global macro models projections and analysts expectations.
Petrofac Limited is a service provider to the oil and gas production and processing industry. The Company is engaged in designing, building, managing and maintaining infrastructure for the energy industries. The Company builds oil and gas facilities; operates, maintains and manages facilities and trains personnel; enhances production, and develops and co-invests in infrastructure projects. The Company operates through two segments: Engineering & Construction and Engineering & Production Services. The Engineering & Construction segment provides lump-sum engineering, procurement and construction project execution services to the onshore and offshore oil and gas industry. The Engineering & Production Services includes all reimbursable engineering and production services activities to the oil and gas industry.