Petrofac Limited (OTCMKTS:POFCF) dropped 2.2% on Tuesday . The company traded as low as $5.00 and last traded at $5.00, approximately 100 shares traded hands during mid-day trading. A decline of 99% from the average daily volume of 8,316 shares. The stock had previously closed at $5.11.

Separately, Royal Bank of Canada raised shares of Petrofac from an “underperform” rating to a “sector perform” rating in a report on Thursday, July 18th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Petrofac presently has a consensus rating of “Hold”.

The company has a fifty day simple moving average of $5.19 and a 200-day simple moving average of $5.26.

About Petrofac (OTCMKTS:POFCF)

Petrofac Limited, an oilfield service company, provides facilities solutions to the oil and gas production and processing industry worldwide. The company operates through three segments: Engineering & Construction; Engineering & Production Services; and Integrated Energy Services. The Engineering & Construction segment provides engineering, procurement, construction, installation, and commissioning services to the onshore oil and gas industry.

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