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
  -21.50p -3.40% 610.50p 610.00p 611.00p 629.00p 604.00p 626.50p 2,027,899 12:29:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 6,375.7 81.0 0.2 2,736.3 2,111.80

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Date Time Title Posts
24/5/201711:44Petrofac4,680
18/5/201716:32*** Petrofac ***15
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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Petrofac (PFC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:29:19610.5097592.19AT
11:29:19610.50100610.50AT
11:29:19610.501921,172.16AT
11:29:19610.50104634.92AT
11:29:19610.503251,984.13AT
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Petrofac (PFC) Top Chat Posts

DateSubject
24/5/2017
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 632p.
Petrofac has a 4 week average price of 604p and a 12 week average price of 604p.
The 1 year high share price is 978.50p while the 1 year low share price is currently 604p.
There are currently 345,912,747 shares in issue and the average daily traded volume is 3,873,448 shares. The market capitalisation of Petrofac is £2,122,174,702.85.
24/5/2017
08:44
bookbroker: My take here is that this company is somewhat over a barrel, they conducted their own supposed investigation with Freshfields and KPMG, it depends how detailed this was, we are going back a long way, Unaoil naturally have protested their innocence over the article by Fairfax Media, but the two services company's listed above are somewhat accountable if this turns up a skeleton or two, Asfari and Cheddid run this co. between themselves, so their reputation and credibility is already in doubt, this is why charges need to brought or dropped asap, but the share price most probably reflects a lot of damage already, but down the line it is interesting to see how this will play out, if the two men above are guilty as sin, then the sooner they put their hands up the better!
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!
14/5/2017
22:11
cjones123: Firstly this 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.
13/5/2017
14:57
pugugly: Key area of possible reasons for further investigation could from the Telegraph article be as reported in the the extract below. "Melbourne-based newspaper The Age, which claims to have seen the emails, reported that Petrofac’s former vice-president Peter Warner requested that Unaoil make “confidential payments” via a bank account in Pacific tax haven the Marshall Islands". "Similar payments were allegedly made by Unaoil to secure oil contracts in countries including Kazakhstan, Kuwait and Iraq. Mr Warner later left Petrofac and took up a position on the board of Unaoil in 2014". The wording in the 2nd extract is (imo) not clear as to whom or which company is being refered to. The difficulty (imo) in proving (if true) that there were problems could be in what "if any" documentation still exists and what "if any" money trail can be followed - Could keep the forensic accountants busy for years !!! The biggest potential damage to the share price could be years of uncertaity with the ultimate kicker - if evidence uncovered - of fines - fines probably not a major problem save to reputation. BUT if any findings against the company then 3rd party law suits attempting to recover the proportion of the contracted costs that were found to possibly have been unlawfully inflated.
03/4/2017
13:22
megashareman: Buy 1:5 sell and share price go up ,wow Anyone have level 1 or 2 to give me a update please thx
22/2/2017
16:16
linton5: We are a year on and the share price is exactly the same as last Feb after results,so I'm in for more on next dip as things are much rosier for pfc than a year ago
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