Petrofac Limited (LON:PFC) announced a dividend on Tuesday, August 30th. Investors of record on Thursday, September 22nd will be given a dividend of GBX 0.22 ($0.00) per share on Friday, October 21st. This represents a yield of 2.06%. The ex-dividend date of this dividend is Thursday, September 22nd. The official announcement can be seen at this link.

Petrofac Limited (LON:PFC) opened at 832.50 on Wednesday. The company has a 50-day moving average price of GBX 827.59 and a 200-day moving average price of GBX 824.16. Petrofac Limited has a 12-month low of GBX 635.00 and a 12-month high of GBX 1,016.09. The stock’s market capitalization is GBX 2.83 billion.

Several research firms recently commented on PFC. Barclays PLC reiterated an “overweight” rating and issued a GBX 1,165 ($15.21) price objective on shares of Petrofac Limited in a report on Wednesday, August 24th. Liberum Capital reiterated a “buy” rating and issued a GBX 1,000 ($13.05) price objective on shares of Petrofac Limited in a report on Wednesday, August 24th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 850 ($11.10) price objective on shares of Petrofac Limited in a report on Wednesday, August 31st. Morgan Stanley lifted their price objective on Petrofac Limited from GBX 700 ($9.14) to GBX 785 ($10.25) and gave the stock an “underweight” rating in a report on Wednesday, August 31st. Finally, Deutsche Bank AG began coverage on Petrofac Limited in a report on Wednesday, August 31st. They issued a “hold” rating and a GBX 900 ($11.75) price objective for the company. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 947.80 ($12.37).

About Petrofac Limited

Petrofac Limited is an international service provider to the oil and gas production and processing industry. The Company designs, builds, operates and maintains oil and gas facilities, delivered through a range of commercial models, enabling it to respond to the distinct needs of each client and enabling them to manage their assets across the oil and gas life cycle.

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