PFC.L - Petrofac Limited

LSE - LSE Delayed price. Currency in GBp
569.60
-5.40 (-0.94%)
At close: 4:36PM BST
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Previous close575.00
Open575.80
Bid551.00 x 93700
Ask650.00 x 159300
Day's range568.40 - 588.40
52-week range345.20 - 660.00
Volume2,824,906
Avg. volume3,540,413
Market cap1.935B
Beta0.43
PE ratio (TTM)N/A
EPS (TTM)-8.50
Earnings dateN/A
Forward dividend & yield0.28 (4.75%)
Ex-dividend date2018-04-26
1y target est8.36
  • Is the Petrofac share price a FTSE 250 bargain or a value trap?
    Fool.co.uk2 days ago

    Is the Petrofac share price a FTSE 250 bargain or a value trap?

    Does Petrofac Limited (LON: PFC) offer investment potential despite its uncertain outlook?

  • Reuters7 days ago

    Petrofac awarded more than $1.7 billion new orders this year

    Oilfield service companies have been seeing a recovery in orders after subdued oil prices since mid-2014 forced explorers and producers to cut capital expenditure and defer or cancel contracts. Petrofac said in late June last year that order intake had reached $1.7 billion. The SFO began an investigation in May 2017 into the activities of Petrofac and its units in connection with a probe into Monaco-based Unaoil on suspected bribery, corruption and money laundering.

  • Reuters14 days ago

    Exclusive: Petrofac to sell Mexico oil fields, seeks upstream exit - sources

    Oilfield services provider Petrofac Ltd has hired investment banks Barclays and HSBC to help with the sale of its oil fields in Mexico, as it prepares to scale back its oil and gas production operations, several banking sources said. Petrofac, which designs, builds, operates and maintains oil and gas facilities, expanded into oil and gas production projects during the oil price boom earlier this decade.

  • Is Glencore’s share price the bargain of the year?
    Fool.co.uklast month

    Is Glencore’s share price the bargain of the year?

    Double-digit profit growth, a 3.7%+ dividend yield and low valuation all make Glencore plc (LON: GLEN) look very attractive. Is it time to buy?

  • Reuters2 months ago

    Petrofac CEO buys £10 million of company's shares amid bribery probe

    Petrofac Chief Executive Officer Ayman Asfari has acquired 10 million pounds of shares in the oilfield services company, a regulatory filing shows. Asfari resumed full duties this month after being suspended in the wake of an investigation launched in May by Britain's Serious Fraud Office (SFO) into Petrofac activities in connection with a probe into Monaco-based Unaoil over suspected bribery, corruption and money laundering. The company said last month that its top management, including the chairman and executive directors, would be interviewed by the SFO.

  • Reuters - UK Focus2 months ago

    Petrofac CEO buys $14 mln of company's shares amid bribery probe

    Petrofac Chief Executive Officer Ayman Asfari has acquired 10 million pounds ($14 million) of shares in the oilfield services company, a regulatory filing shows. Asfari resumed full duties this month after being suspended in the wake of an investigation launched in May by Britain's Serious Fraud Office (SFO) into Petrofac (Amsterdam: PF6.AS - news) activities in connection with a probe into Monaco-based Unaoil over suspected bribery, corruption and money laundering. The company said last month that its top management, including the chairman and executive directors, would be interviewed by the SFO.

  • Reuters - UK Focus2 months ago

    Petrofac CEO buys more shares in firm amid bribery probe

    Petrofac Chief Executive Officer Ayman Asfari has acquired 10 million pounds of shares in the oilfield services company, according to a regulatory filing. Asfari resumed full duties this month after being ...

  • Reuters3 months ago

    Petrofac full-year core profit beats; CEO to resume full duties

    Britain's Serious Fraud Office (SFO) began an investigation in May into the activities of Petrofac and its units in connection with a probe into Monaco-based Unaoil on suspected bribery, corruption and money laundering. Last month, the company said its top management, including chairman and executive directors, would be interviewed by the SFO.

  • Reuters - UK Focus3 months ago

    Petrofac full-year core profit beats; CEO to resume full duties

    Oilfield service firm Petrofac (Amsterdam: PF6.AS - news) reported better-than-expected core earnings on Thursday and said Chief Executive Ayman Asfari would resume full duties with immediate effect. Britain's Serious Fraud Office (SFO) began an investigation in May into the activities of Petrofac and its units in connection with a probe into Monaco-based Unaoil on suspected bribery, corruption and money laundering. Last month, the company said its top management, including chairman and executive directors, would be interviewed by the SFO.

  • Petrofac boss returns as adviser after suspension amid SFO probe
    Sky News3 months ago

    Petrofac boss returns as adviser after suspension amid SFO probe

    A senior executive at the London-listed oilfield services group Petrofac (Amsterdam: PF6.AS - news) is to return to the company temporarily nine months after he was suspended as part of a Serious Fraud Office (SFO) probe. Sky News has learnt that Petrofac will announce alongside its annual results on Thursday that Marwan Chedid, its former chief operating officer,‎ is to return to the company in an advisory role. A source said Mr Chedid would rejoin the business, which operates in 29 countries around the world, for up to nine months but had decided to leave once his advisory role concludes.

  • Schlumberger, Subsea 7 in talks to form oil services joint venture
    Reuters3 months ago

    Schlumberger, Subsea 7 in talks to form oil services joint venture

    Schlumberger (SLB.N), the world's largest oilfield services firm, and smaller peer Subsea 7 (SUBC.OL) said on Friday they were entering exclusive talks to form a joint venture to deliver subsea installations and services for oilfields. The news lifted Subsea 7 shares on hopes the talks could be the first step towards a full takeover, in a sector that has already seen consolidation with the 2016 merger of Technip and FMC Technologies (FTI.N). In recent months, oil firms have returned to profits due to higher oil prices and the benefits of deep cost cuts they made during the downturn.

  • Reuters - UK Focus3 months ago

    Schlumberger, Subsea 7 in talks to form oil services joint venture

    Schlumberger (IOB: 0CT7.IL - news) , the world's largest oilfield services firm, and smaller peer Subsea 7 said on Friday they were entering exclusive talks to form a joint venture to deliver subsea installations and services for oilfields. The news lifted Subsea 7 shares on hopes the talks could be the first step towards a full takeover, in a sector that has already seen consolidation with the 2016 merger of Technip (LSE: 0IEB.L - news) and FMC Technologies (Frankfurt: 634793 - news) .

  • Reuters - UK Focus4 months ago

    Petrofac bosses to be interviewed by Britain's fraud office

    British oilfield services provider Petrofac (Amsterdam: PF6.AS - news) said its top management, including its chairman and executive directors, would be interviewed by Britain's Serious Fraud Office (SFO) regarding an ongoing investigation into suspected bribery and corruption. 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.

  • Reuters4 months ago

    UK court to ask Italy watchdog to set aside or vary judgment against Petrofac CEO

    Italy's National Commission for Companies and the Stock Exchange (CONSOB) will have seven days following service by the UK court to apply to set aside or vary the judgment. CONSOB last August imposed sanctions on Asfari, including a 300,000 euro fine, in relation to 2012 dealing in shares in an Italian company. "I welcome today’s ruling from the High Court which confirms, as I have stated from the outset, that I was never served the CONSOB notice of charges against me, and consequently I was never given the chance to defend myself," Asfari said in the Petrofac statement.

  • Reuters - UK Focus4 months ago

    UK court to ask Italy watchdog to set aside or vary judgment against Petrofac CEO

    The UK High Court of Justice has ruled Petrofac Ltd CEO Ayman Asfari was not served with a legal notice of charges made against him in Italy and will ask that the certificate of service relating to the case be set aside or annulled, the company said on Wednesday. Italy's National Commission for Companies and the Stock Exchange (CONSOB) will have seven days following service by the UK court to apply to set aside or vary the judgment. CONSOB last August imposed sanctions on Asfari, including a 300,000 euro fine, in relation to 2012 dealing in shares in an Italian company.

  • Reuters5 months ago

    Petrofac sees recovery in new orders, cuts capex

    Oilfield service companies had been hurt by weak demand as subdued oil prices forced exploration and production companies to cut capital expenditure and defer or cancel contracts. Petrofac, which designs, builds, operates and maintains oil and gas facilities, said it secured $5.2 billion in new orders so far this year and it continued to see a high level of tendering activity in its core markets. The company said backlog stood at $10.3 billion at Nov. 30, reflecting a recovery in new order intake, offset by progress on existing portfolio of projects.

  • BP Awards $800M Contract to Petrofac for CPF at Khazzan
    Zacks5 months ago

    BP Awards $800M Contract to Petrofac for CPF at Khazzan

    BP's award of $800 million for CPF at the Khazzan Phase 2 gas development in Oman to Petrofac includes the addition of a third gas train with a capacity for handling 500 mmscfd.

  • Reuters5 months ago

    Petrofac wins $800 million BP contract for Khazzan gas field in Oman

    The contract involves work to help drive an increase in total production capacity from the central processing facility to 1,500 mmscfd (million standard cubic feet per day), Petrofac said. Petrofac also worked on a $1.4 billion project for the first phase at the Khazzan project. BP said in September it had begun production at the Khazzan gas field, the sixth and largest of seven new upstream projects that were due to start for the British oil giant this year.

  • Reuters - UK Focus5 months ago

    Petrofac wins $800 million BP contract for Khazzan gas field in Oman

    Dec (Shanghai: 600875.SS - news) 12 (Reuters) - British oilfield services company Petrofac Ltd said BP had awarded it a contract worth around $800 million for the second planned phase of the Khazzan gas field in Oman. The contract involves work to help drive an increase in total production capacity from the central processing facility to 1,500 mmscfd (million standard cubic feet per day), Petrofac (Amsterdam: PF6.AS - news) said. Petrofac also worked on a $1.4 billion project for the first phase at the Khazzan project.

  • Reuters5 months ago

    UK's Petrofac hires Bain & Co to explore options for North Sea business - Times

    Petrofac, which is being investigated by Britain's Serious Fraud Office (SFO) for its dealings with Monaco-based Unaoil, has been struggling to reduce its $1 billion debt pile. Petrofac and Bain were not immediately available for comment. The Telegraph reported last month that U.S. oilfield services companies Schlumberger (SLB.N) and Halliburton (HAL.N) as well as a Middle Eastern company were among the firms circling Petrofac, with market talk of a bid of around 600 pence per share.

  • Reuters - UK Focus5 months ago

    UK's Petrofac hires Bain & Co to explore options for North Sea business -Times

    British oilfield services company Petrofac Ltd has hired consultancy Bain & Co to explore options for the its North Sea operations, including a sale, the Times reported on Sunday. Petrofac, which is being ...

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