|Bid||4.688 x 50000|
|Ask||4.781 x 50000|
|Day's range||4.775 - 4.775|
|52-week range||4.023 - 11.091|
|PE ratio (TTM)||1,591.67|
|Forward Dividend & Yield||0.66 (6.21%)|
|1y target est||N/A|
Oilfield services company Petrofac Ltd said its North Sea engineering services contract with a unit of Chevron Corp had been extended for 12 months. The agreement with Chevron North Sea Limited, which ...
Petrofac Limited (LON: PFC) is cheap and offers a market-beating yield, but the company isn't the only stock I'm interested in.
Italian market watchdog Consob has imposed fines on Petrofac CEO Ayman Asfari and former Saipem CEO Pietro Franco Tali for alleged insider trading in Saipem (LSE: 0NWY.L - news) shares in 2012, a Consob document said. Consob said it had fined Asfari 300,000 euros ($355,000) and seized assets worth around 385,000 euros. Earlier this month Asfari said he had been fined 300,000 euros by Consob in relation to a transaction made in 2012 involving the shares of a listed Italian company.
British oilfield services company Petrofac (Amsterdam: PF6.AS - news) reported a 10.7 percent fall in core earnings for the first-half on Wednesday as subdued oil prices forced exploration and drilling companies to defer or cancel service contracts. "The decline in, and weaker outlook for, commodity prices has had a significant impact on capital investment in the industry, impacting our cash flow," Petrofac said in a statement. Petrofac cut its full-year capital expenditure guidance to $200-$250 million from $300-$350 million, in an effort to reduce its debt, which rose to $1 billion at the end of June, up from $600 million in December.
Royal Dutch Shell plc (LON: RDSB) is in full-blooded turnaround mode and is a much better bet than its industry peer, says Harvey Jones.
Italy's markets watchdog has imposed sanctions on Petrofac Ltd CEO Ayman Asfari, including a 300,000 euro ($354,000) fine, in relation to dealing in shares of an Italian company, Petrofac (Amsterdam: PF6.AS - news) said on Thursday. The investigation by the Italian National Commission for Companies and the Stock Exchange (Consob) was in relation to a transaction made in 2012 involving the shares of a listed Italian company, Asfari said in a statement. "The premise of Consob's case was that I met with an Italian executive who provided inside information.
Oilfield services provider Petrofac (Amsterdam: PF6.AS - news) on Wednesday appointed Edward Sparrow as an external specialist to oversee an investigation by Britain's Serious Fraud Office announced in May. Sparrow is a partner at the law firm Ashurst LLP, Petrofac said in a statement. The SFO said in May it had begun an investigation into the activities of Petrofac and its subsidiaries in connection with a probe into Monaco-based Unaoil.
Litigation funder Bentham Ventures said on Tuesday it was proposing to launch a shareholder action against British energy services company Petrofac to recover losses linked to an investigation by Britain's Serious Fraud Office. Bentham said it was contemplating funding legal proceedings against Petrofac on behalf of investors who held shares before May 12, the date the SFO confirmed it was investigating Petrofac in connection with a probe into Monaco-based Unaoil. Bentham, which has been in touch with the top 40 Petrofac shareholders, will wait to see how the SFO case develops before launching any case, Jeremy Marshall, chief investment officer at Bentham Europe, told Reuters.
British shares steadied on Thursday as investors sought fresh catalysts after a run that lifted the country's main indexes to record highs, while Petrofac saw one third of its value wiped out amid worries ...
Oilfield services provider Petrofac has suspended its chief operating officer in response to the UK Serious Fraud Office's investigation into Monaco-based Unaoil, another setback for the company that has been hit by the oil market downturn. Petrofac's shares slumped as much as 29 percent, wiping more than half a billion pounds off its market capitalisation, after the company said in a statement on Thursday that COO Marwan Chedid had been suspended and had resigned from the board. Investors feared the SFO investigation and Chedid's suspension could hurt the company's ability to win work.
Oilfield services provider Petrofac Ltd said on Friday that its chief executive and chief operating officer have been questioned by Britain's Serious Fraud Office (SFO) in connection with the ongoing investigation into Monaco-based Unaoil. Petrofac (Amsterdam: PF6.AS - news) shares fell nearly 13 percent on the news as the SFO confirmed, later on Friday, that it had launched an investigation into the activities of Petrofac and its subsidiaries, their officers, employees and agents for suspected bribery, corruption and money laundering. Petrofac CEO Ayman Asfari and COO Marwan Chedidhave were questioned under caution by the SFO, the company said in a statement, adding that it was cooperating with authorities.