Share Name Share Symbol Market Type Share ISIN Share Description
Petrofac LSE:PFC London Ordinary Share GB00B0H2K534 ORD USD0.02
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +3.80p +0.91% 421.90p 420.80p 421.30p 426.50p 412.20p 417.10p 4,441,823 16:35:24
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 6,375.7 81.0 0.2 1,844.5 1,459.41

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Date Time Title Posts
24/6/201709:00Petrofac6,984
21/6/201715:32*** Petrofac ***113
22/10/201622:17Analysts' Viewpoints on Petrofac (PFC)-
29/10/201414:23TipTV Market Roundup: Petrofac to underperform-
29/10/201414:20TipTV Market Roundup: William Hill to underperform-

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DateSubject
24/6/2017
09:20
Petrofac Daily Update: Petrofac is listed in the Oil Equipment Services & Distribution sector of the London Stock Exchange with ticker PFC. The last closing price for Petrofac was 418.10p.
Petrofac has a 4 week average price of 345.20p and a 12 week average price of 345.20p.
The 1 year high share price is 978.50p while the 1 year low share price is currently 345.20p.
There are currently 345,912,747 shares in issue and the average daily traded volume is 3,736,951 shares. The market capitalisation of Petrofac is £1,459,405,879.59.
16/6/2017
08:30
1gw: tsmith2 - AQR appears to be the main shorter to worry about (from the longs point of view) and I don't think they'll be anywhere near hurting yet so may keep going for some time if it is a high conviction position. They went over 1% short on 10th March (share price around 880p) and got to 2% short on 23rd May (share price around 640p). They also hold a big (3.4%) short position elsewhere in the sector in Wood Group which must also be well in the money. So it would be great to see them start to reduce, but I wouldn't rely on it just yet. However, I do believe that Toscafund is likely to want to grow its position and I think there's a reasonable chance that that more than counters any further increase in AQR's short position. Both shorts and longs will doubtless reassess their positions on 27th June when we get the TU.
13/6/2017
02:09
garycook: As recently as March I reckoned Petrofac (LSE: PFC) was a “top yielder I’d buy and hold for the next 10 years“. The share price was standing at 916p. But what a difference a few months can make, as we’ve since seen a 60% crash to 375p. It’s entirely due to the fearsome news that the firm had suspended its chief operating officer in response to a deepening investigation by the Serious Fraud Office into alleged corruption. It was all triggered by probing into the activities of Monaco-based oil firm Unaoil, amid suspected offences of bribery, corruption and money laundering. But does it all mean the end for Petrofac? I say no. While we have no idea what the SFO will find, including any possible financial penalties Petrofac might face, a common response by the markets to bad news like this is one of overreaction — with shares oversold and a buying opportunity emerging. Too cheap now? Petrofac is one I’ve liked for some time — being a picks and shovels service firm, it’s nowhere near as critically dependent on the oil price as many explorers and producers. And business is continuing as usual, with the company having just picked up a 10-year contract with Petroleum Development Oman for engineering and construction services. The share price crunch has dropped Petrofac’s forward P/E to only a little over four, with the dividend yield in turn boosted to more than 13%. Of course, that will all be adjusted when we know more of the investigation, and I certainly wouldn’t rely on the dividend now. But we’d have to see an enormous hit to the company’s finances for today’s valuation to not look cheap.Petrofac are a Strong buy now.
06/6/2017
07:44
garycook: 2 reasons why I’d buy Petrofac Limited Peter Stephens | Tuesday, 6th June, 2017 The last month has been hugely challenging for Petrofac (LSE: PFC). It is being investigated by the Serious Fraud Office (SFO), which has caused its share price to slump to 370p from over 800p less than a month ago. Clearly, further share price falls cannot be ruled out. In the short run, Petrofac appears to be a high-risk stock to own, since the outcome of the SFO’s investigation is a known unknown. However, in the long run the company could still have a relatively bright future for the following two reasons. Oil price potential While Petrofac is not an oil producer, the focus of its business is on support services within the Oil & Gas industry. Therefore, its performance as a business is closely linked to the oil price, since this determines profitability within the oil production industry. Higher profits generally mean greater investment-related activity, which is good news for companies such as Petrofac. While the oil price has experienced a difficult period in recent years, its long-term outlook could be relatively bright. The supply surplus which has been a feature of the market in recent years could now have an opportunity to be eradicated, since OPEC has implemented a production cut over the last six months. Encouragingly for the oil price, this has been extended for a further nine months, which should provide an opportunity for demand to catch up to supply. Certainly, it will take time for this to take place. However, demand from emerging economies such as China and India is set to grow in future years. Although there will almost inevitably be a gradual shift towards cleaner forms of energy, oil is likely to remain a major part of the energy mix over the long run. For example, car ownership is expected to increase significantly in China and demand for oil could therefore increase. This would be likely to have a positive impact on the oil price and, potentially, on Petrofac’s financial performance. Margin of safety As mentioned, the Petrofac share price could come under further pressure in the short run. However, its long-term appeal appears to be high given its current valuation. It now trades on a price-to-earnings (P/E) ratio of around five using last year’s earnings figure. Of course, there is scope for profitability to come under pressure in the near term, but the market appears to have priced this in. Similarly, a dividend yield of over 14% may be unrealistic, but it nevertheless shows that investors may be expecting significantly negative news flow in future which may or may not present itself. This could provide a buying opportunity for less risk-averse, long-term investors. Looking ahead While Petrofac appears to be a high-risk investment, it could also offer high returns. In the short run, its shares could be volatile and may fall further. However, due to the potential for a rising oil price and the company’s wide margin of safety, it could prove to be a highly rewarding stock for the long run.
05/6/2017
10:59
cantrememberthis2: NY RR lasted 4 years approx. Who knows how long this one lasts... You and I are canon fodder long or short. AT, HFT and big boys are always in control of stocks. PI trades do fuk all here to the share price All AT trades that hit the order book however small control the share price. When the big boys switch (I believe it could be soon), then the correction higher prevails... if you look at PFC it always has swings throughout the seasons. Large moves are common as it is price sensitive to Oil/Gas etc.
27/5/2017
11:17
1gw: Today's Times article (the one that headlines the possibility of an $800m fine) actually finishes on a relatively optimistic note, shareprice-wise. It questions whether the risks justify the fall in market cap and then ends with: 'As shares slumped to new lows yesterday, S&P issued a note of optimism to counter a torrid week, declaring the correction "overdone" and raising Petrofac to "strong buy".' I think it is also worth noting that the current share price is now below the target prices given for all the brokers on the N&P list. So some reason to think that those brokers might now be reviewing their own ratings given the speed and magnitude of the shareprice fall. 389p Friday close 400p RBC Capital Markets (Underperform) 425p Credit Suisse (Neutral) 600p Deutsche Bank (Sell) ??? Barclays Capital (Overweight) 600p S&P Global (Strong Buy) [not on the N&P list, but on e.g. TD site] hTtp://www.nandp.co.uk/sharedealing/company/?companyCode=PFC hTtp://ican.tddirectinvesting.co.uk/alliance-news/broker-ratings-summary-sp-raises-downtrodden-petrofac-to-strong-buy-26-05-2017-2/
19/5/2017
15:41
cjones123: Perfect time to snap this on the cheap, picked up a few myself this morning. This is currently 7% short, sooner or later the shorters like NY Boy have to close their shorts at which point it will rocket back up to the 800 levels. Current drop in share price is results of panic selling on large scale and market not understanding what's really going on. This is massively oversold. This is a good profitable business with 7% yield and p/e of just 9. Nobody has been charged with anything, this is just an investigation. Firstly this SFO questioning is not a new thing and was brought up last year as some of you have said. Petrofac have investigated and were cleared, here is the link, with evidence provided to the SFO. https://plus.google.com/share?url=https://petrofac.com/en-gb/media/news/update-on-board-review/ So if it comes out that the above is not 100% true, the lawyers and Auditors along with the company need to be careful, as it will contradict what the above report says, but the company has protected itself by derisking the issue and minimising by having its own investigation that was presented by external companies. If the company is guilty, the fine will be less than $400m and maybe even less than $200m, you need to look at the severity and who was involved. The share price as always over exaggerates and as I have said this is nothing new, so the pullback was just market manipulators. This will head north from here on. Perfect time to pick this up on the cheap. Great BUY!!
19/5/2017
07:57
pm032017: Massive shorting and market manipulation is going on at the moment + the trump slump doesn't help either, All stocks were down yesterday, FTSE at one point was 1.5% down. Perhaps SFO should look at AQR and Marshall wade..... Hedgies bet against Petrofac before probe Wednesday 17 May 2017 Hedge funds raised their bets against Petrofac the day before the oil services group revealed it was involved in a fraud probe which caused its shares to tank. London-based Marshall Wace and US outfit AQR Capital increased their short positions in Petrofac in the hope of profiting from a share price fall. The following day Petrofac told investors it was under investigation by the Serious Fraud Office, apparently in relation to the investigation into Unaoil, a Monaco-based consultancy whose services it used in Kazakhstan. The news triggered a 14% dive in the FTSE 250 firm’s share price. AQR Capital raised its short position to 1.71% last Thursday, according to FCA filings. On the same day, Marshall Wace nudged its short position higher to 0.51%, the first change in its position in a year. They will have made several millions of pounds from the trades. Petrofac and Marshall Wace declined to comment, AQR did not respond to requests for comment.
18/5/2017
15:39
mattcookson: I too have seen this as a buying opportunity...RR share price recovered from a fraud investigation quite nicely. Only 1M shares sold so far today and over 2M bought, bound to bounce any minute now..... People are snapping this currently like there is no tomorrow, seen some chunky buys this afternoon. Expect this to recover nicely over the next few days!! Investomania..... I’ve been bullish on oil for years. BP plc (LON:BP) (BP.L) and Royal Dutch Shell Plc (LON:RDSB) (RDSB.L) have been stalwarts of my portfolio for a long time, and at least with my relatively recent purchases of BP and Shell I am in profit. However, there may be another way to benefit from the long term rise in oil. Petrofac Limited (LON:PFC) (PFC.L) is essentially an oil services company which provides a range of services to oil & gas producers across the globe. I’ve analysed Petrofac and think it may present a buying opportunity at the moment. On two key metrics, it scores very well in both areas in my opinion. The Petrofac PE is 9.67 and the dividend yield for this company is 7.46% Why does it have a relatively low valuation and relatively high dividend yield? Fairly recently, Petrofac announced that it was under investigation by the Serious Fraud Office. On Friday 12 May, the Petrofac share price dropped from around 830p to around 700p as a result. At the time of writing it is trading at just 684.5p. Being investigated by the Serious Fraud Office may present a risk to Petrofac’s investors. However, I believe that the risks facing the company from both the Serious Fraud Office investigation and from the potential for a lower oil price may already be factored in to the Petrofac share price. Therefore, while I feel it is a relatively risky share to own, I believe the potential rewards on offer could also be relatively high. The Petrofac share price was trading at around 1750p five years ago, now it is valued at almost a third of that. I believe that oil prices could rise over time, with demand from emerging economies such as China and India potentially helping to reduce the supply surplus which has been a feature of the oil market in recent years. hxxps://investomania.co.uk/2017/05/petrofac-interesting-play-oil-price/
18/5/2017
15:23
pm032017: With yields of 6% and P/Es under 9, these stocks look just too cheap Rupert Hargreaves18 May 2017 A furnace Petrofac (LSE: PFC) is one of the market's chronic underperformers. Over the past five years, shares in the company have lost 54% of their value as management has grappled with corruption allegations and the falling price of oil. However, it seems as if the outlook is now starting to improve for the company as the oil price stabilises and customers start to drill for oil again. That said, six days ago it was revealed that the serious fraud office is investigating the business under suspicion of bribery, corruption and money laundering in relation to a probe into Moroccan oil company Unaoil. While damaging, it's unlikely this investigation will lead to the end of the business as we know it, and the recent share price declines powered by the bribery announcement present an excellent opportunity for investors. Undervalued At the time of writing, shares in Petrofac are trading at a forward P/E of 9.2. What's more, the shares support a dividend yield of 6.6%, and the payout of 53.4p per share is covered 1.7 times by estimated 2017 earnings per share. These earnings look safe as at the end of 2016 Petrofac reported an order backlog of $14.3bn. Since then, orders have continued to roll in, the latest of which is a $1.3bn project in Kuwait. So it seems that despite the company's problems, it is business as usual for the group and with this being the case, the shares look too cheap to pass up. Granted, the SFO investigation may hang over the business for some time, but any penalty imposed should be easily managed by Petrofac, which has been working hard to reduce its debt and improve cash generation in recent years. Overall, with a 6.6% dividend yield and low valuation, the shares look extremely attractive. Cash cow As well as Petrofac, Vedanta (LSE: VED) also looks to me to be an undervalued yield play. Much like Petrofac, the past five years have been tough for the firm as it has struggled with falling commodity prices, a mountain of debt and political issues. These problems now look to be behind the business. At the beginning of this week, it announced its full-year results for fiscal 2017 and the figures showed that net debt has fallen to 0.4 times EBITDA. For some comparison, the company's larger peer, BHP reported EBITDA of $9.9bn for the first half of its fiscal year and $20.1bn of net debt, giving an estimated full-year net debt-to-EBITDA ratio of one. Vedanta's relatively strong balance sheet should help the company support its dividend yield, which stands at 6% on a forward basis. Based on City estimates for growth, the payout will be covered a healthy 3.1 times by earnings per share next year. At the same time, based on City estimates for the fiscal year ending 31 March 2018, shares in Vedanta are trading at a forward P/E of 6.6, almost the same as the dividend payout. This is one income and growth share that may be too hard to pass up. Finding the market's best stocks Vedanta and Petrofac offer the perfect combination of cheap income. If you're looking for other companies with similar qualities, we've put together this new free report to help you search for the best opportunities. The report is a collection of tips from our top analysts, which should help you streamline your process and improve your investment returns. If this is something you're interested in, click here to download the report today. Rupert Hargreaves has no position in any shares mentioned. The Motley Fool UK owns shares of and has recommended Petrofac. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.
18/5/2017
11:10
ali47fish: another of the motley fool says this today With yields of 6% and P/Es under 9, these stocks look just too cheap- a different fool says buy Rupert Hargreaves | Thursday, 18th May, 2017 | More on: PFC VED Petrofac (LSE: PFC) is one of the market’s chronic underperformers. Over the past five years, shares in the company have lost 54% of their value as management has grappled with corruption allegations and the falling price of oil. However, it seems as if the outlook is now starting to improve for the company as the oil price stabilises and customers start to drill for oil again. That said, six days ago it was revealed that the serious fraud office is investigating the business under suspicion of bribery, corruption and money laundering in relation to a probe into Moroccan oil company Unaoil. While damaging, it’s unlikely this investigation will lead to the end of the business as we know it, and the recent share price declines powered by the bribery announcement present an excellent opportunity for investors. Undervalued At the time of writing, shares in Petrofac are trading at a forward P/E of 9.2. What’s more, the shares support a dividend yield of 6.6%, and the payout of 53.4p per share is covered 1.7 times by estimated 2017 earnings per share. These earnings look safe as at the end of 2016 Petrofac reported an order backlog of $14.3bn. Since then, orders have continued to roll in, the latest of which is a $1.3bn project in Kuwait. So it seems that despite the company’s problems, it is business as usual for the group and with this being the case, the shares look too cheap to pass up. Granted, the SFO investigation may hang over the business for some time, but any penalty imposed should be easily managed by Petrofac, which has been working hard to reduce its debt and improve cash generation in recent years. Overall, with a 6.6% dividend yield and low valuation, the shares look extremely attractive. i'd appreciate anyone commenting on the above please!
Petrofac share price data is direct from the London Stock Exchange
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