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 Shares Traded Last Trade
  -11.60p -2.11% 538.80p 785,044 14:20:46
Bid Price Offer Price High Price Low Price Open Price
538.80p 539.20p 553.00p 537.60p 547.80p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 4,734.74 33.32 -6.29 1,863.8

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Date Time Title Posts
29/5/201811:38*** Petrofac ***115
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 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 550.40p.
Petrofac has a 4 week average price of 519.80p and a 12 week average price of 519.80p.
The 1 year high share price is 660p while the 1 year low share price is currently 396.30p.
There are currently 345,912,747 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Petrofac is £1,863,777,880.84.
callmebwana: 5.9% Increase in contract wins then last year.Trading well within Market expectations and the share price is going South!! You could not make it up ? The Guardian does a write up about PFC , just as PFC makes a trading statement ? LOL. Makes you feel like everyone is against PFC share holders at times !! GLA.
wolfhound1: I suspect we will see further increase in oil prices (post allied air stikes friday night) and PFC share price to rise - that will also push it past resistence levels and blue sky overhead..... I am hoping for 600p+ next week. GLA
callmebwana: Mr.5%. The $ has lost value.PFC reports in $$'s.Oil price is also down ! There are many reasons for the share price to fall. PFC share price is a rubber ball. Watch it bounce back up in a few days.
callmebwana: EdmondJ, tears I would think. I don't think PhD's count much in this market.Common sense is in short supply,LOL. I think they put the Short on thinking PFC share price would drop after the big rise we have had here in the s/p. Same as some posters on here sold out. LOL, we wait and see.Time will tell. I have been caught out doing TA with this share. I to thought it would fall when the RSI was over 70. On one Month's Chart the RSI is at 73.35, and on 3 Month's Chart it is at 80.33.Yet the share price is climbing ! ( RSI over 70 is overbought and under 30 is oversold using TA ) . TA don't seem to work on this share. GLA.
callmebwana: Shorts down again.From 7.61 now at 7.53%. AQR reduced again on the 29th of December. That is good news for PI's. Bit of a battle taking place at the £5.12 resistance level.I am sure PFC share price will overcome that. Possible RNS due soon. Big chit chat on LSE BB. DYOR. GLA.
ob1234: There is the crude oil inventories at 15.30 this afternoon. but I doubt it will have any impact on PFC. The share price looks like is trapped in a downward trend with some jumps whenever there is a news about contract win. The $30m contract win this morning didn't have big impact on share price as very small . Seems that only contracts with $1bn and more that could turn the trend around. (Or a takeover news :D) Will be interested on thoughts from Chartists to see what they think about PFC share price Chart!?
matrix25: Yes Mr.5%. As I have posted,invest only in something you have faith in.If you believe the Stock Market is sure to crash in the near future then physical Gold is a good investment. Nothing wrong in trading shares of a Co that are volatile.I have made a trade as well,which I posted on this BB. The Market can crash tomorrow or in a couple of years.No one knows. Past history of the Market does not follow currently,the low of averages can vary. I only put in the Market that I can afford to lose,etc,etc. We don't have a riplacement for oil yet. We need Co's like PFC to service the oil fields.PFC are also going into renewable energy service field. They have won major contracts as well.The SFO investigation is already priced in the share price. The SFO fine is over stated and over hyped.No one knows if there is going to be a fine to pay or not by PFC. PFC has hired a top gun solicitor to defend itself, etc. I believe the fair share price to be above £5.50/£6.Time will tell. Hence I am holding on to my 15K shares,I may buy some more if the Shorters manage to bring the price down to my likeing. This is a solid Co and all will come good in the future.Hence I am an investor in PFC fundamentals,as I believe in them. The modern Stock Market is a Casino. Algos trading in mili seconds and Shorters playing their games. Not all the time Shorters win, they get burnt at times as well. Oddy lost a fortune shorting shares. I love a gamble and I enjoy it to win. I also sleep very well. OH' where is Lodge ?? Have a good evening.
woodhawk: If any of you are with IGG Index, you can access their latest commentary on the PFC share price: "Our preference: our next up target stands at 524.25. Alternative scenario: below 411, expect 375 and 354. Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 428.63 and 444.84)."
lab305: Stockwatch: A 7.4% yield worth the risk? Growth/recovery Income Long-term growth Over-priced? The big picture By Edmond Jackson | Fri, 1st September 2017 - 09:57 Share this Stockwatch: A 7.4% yield worth the risk? What do latest interim results imply for fallen mid-cap oil play Petrofac (PFC), where consensus forecasts apparently suggest a forward price/earnings (PE) ratio of about 6 times? That the interim dividend has been cut 42% to about 9.84p a share equivalent (the oil services industry reports in US dollars) - consensus expectation was for a 16% drop to a 39.3p total dividend - shows the market having anticipated this better than brokers' analysts. Within the consensus, SG Securities projected a 25.9p payout for both 2017 and 2018, implying a 6% yield with earnings cover of 2.5 times this year, reducing to 2.4 times in 2018 given an expected 7% earnings slip. But these numbers were end-June, the situation is quite fluid and it appears possible to entertain a 7%-plus yield at a current share price of just over 400p. Impact of lower oil prices is evident Aside from a Serious Fraud Office (SFO) investigation into bribery allegations that slashed Petrofac's market value from about 900p to as low as 350p last May, subdued demand for engineering services is the crux factor that originally prompted short-selling and needs focusing on. Group revenue is down 19.6% and pre-exceptionals' net profit is down 4% or 41% on a reported basis. Significantly for medium-term prospects, the backlog (effectively, work-in-progress) is down 12.6% in six months to $12.5 billion (£9.7 billion), a main reason why the analysts' consensus is cautious for 2018. In terms of divisions, the main engineering & construction side (E&C, about 75% of 2016 revenue/profit) shows revenue down 20% to $2.4 billion, "reflecting project scheduling" albeit with new order intake of $2.4 billion and net profit slipping just 1% at $161 million. If the revenue fall genuinely reflects timing rather than challenges, that's a sound performance by Petrofac's principal division. Engineering & production services (EPS, about 23% of 2016 revenue/profit) looks flat in challenging conditions: $300 million new contracts/extensions mainly in the UK, Iraq and Kuwait, albeit revenue down 17% to $700 million amid lower activity and order intake, yet net profit has still edged up 2% to $51 million. The Integrated Energy Services (IES) side has had issues and remains loss-making – $19 million in the red, on revenue down 37% to $97 million, or 14% excluding asset sales. It would have helped to clarify if IES restructuring means there is ongoing liability for exceptional charges: their significance shown by interim earnings per share of 36p sterling equivalent pre-exceptionals, or 16p after, these down nearly 90% due to impairment on the Greater Stella Area development on the IES side. With exceptionals declared ultimately related to lower oil prices and reduced production forecasts, that leaves it open for further charges if oil prices slump, but such is the industry at any time. Scope for a medium-term bullish upshot A mixed operational review is quite to be expected as Petrofac's clients react to lower oil prices. But if, as I explained in my last macro review, central banks continue to explore means of economic stimulus, this should be supportive of oil prices unless disunity in the OPEC cartel and a resurgence of US shale oil supply tip the oil price equilibrium to downside. Thus, with added jaundice surrounding the SFO inquiry, there's potential for Petrofac shares to rise if this industry leader continues to deal with its challenges and the commercial context doesn't worsen. It's tricky to have conviction here, the situation remains potentially fluid, but the extent of fear towards this stock can drive upside alone if it steadily abates. I should note, such a rationale is not shared by AQR Capital Management which continues steadily to raise its short position to a substantial 4.82% of the issued share capital as of 18 August. Within 8.77% of equity on loan, three traders are increasing their shorts and two reducing. I'd prioritise oil industry fundamentals than worry about this or the SFO - where Rolls Royce (RR.) has shown it is possible to move on from this kind of inquiry despite worries it creates at the time. Sections of the media have whipped up fear with the prospect of contracts not being renewed or possible to win, but there is no real evidence beyond caution resulting from lower oil prices. Reducing $1 billion net debt compromises dividends As I've previously noted, management's guiding for $1.1 billion net debt at end-June "in line with expectations" was cute. It's turned out at $1 billion, and the leap from $600 million in six months is a priority for free cash flow to reduce, than pay out to shareholders. It's explained by way of "working capital movements" albeit the company having "good liquidity of $1.3 billion at end-June" with a $1.2 billion credit facility extended to June 2021 and $300 million term loans refinanced. Meanwhile, capital expenditure reduced 44% to $110 million in the first half, if related to just two matters. Thus net cash outflow of $149 million for the period would otherwise have been higher, and compares with a like-for-like $17 million net cash inflow. The situation is manageable due to ample credit facilities but, altogether, it means the interim dividend is de-based by 42%, with the board targeting underlying earnings cover of 2 times to 3 times and interim payouts representing 33% of the prior year total dividend. On such a basis, the 2017 total payout would be 29.5p, representing a prospective yield of 7.4% with the stock at around 400p. So long as management can avoid further upsets, 400p may therefore be seen as an intrinsic support level. With some three-quarters of group revenue Middle East-derived – a part of the world where "baksheesh" payments are part of culture to expedite service – it seems less likely oil industry clients would drop Petrofac even if the SFO does prove aspects of bribery. When the news first broke in May, one quite felt "tell us something new about the international oil business". Clients are more likely to prioritise quality of service, where Petrofac is an industry leader. What if the price slides under 400p again? Chartists cite a current range of 411p to 488p since mid-June, with 500p the upper limit due to so much negative sentiment; while under 411p support at 345p comes into play. On such a rationale the stock is currently at a tipping point. I would set this aside and focus on fundamentals. Other things being equal, another drop would offer scope to buy, albeit less so if driven by renewed weakness in oil markets. Petrofac is a more challenging recovery play than most, due to oil's inherent uncertainty and the SFO inquiry to boot. But unless oil slumps and/or the chief executive ends up seriously damaged by the investigation as to require replacing - in the eyes of the London market - then at current prices the stock's risk/reward profile is already long-term attractive. Petrofac - financial summary Consensus estimates year ended 31 Dec 2012 2013 2014 2015 2016 2017 2018 Turnover (£ million) 3,938 4,065 3,798 4,480 5,832 IFRS3 pre-tax profit (£m) 483 507 104 -219 74.1 Normalised pre-tax profit (£m) 469 509 187 -143 104 365 340 Operating margin (%) 11.9 12.6 5.9 -1.9 2.8 IFRS3 earnings/share (p) 116 121 21.2 -67.2 0.2 Normalised earnings/share (p) 112 122 45.2 -44.9 9.1 80.4 66.6 Earnings per share growth (%) 14.3 9.1 -63.0 786 -17.2 Price/earnings multiple (x) 46.7 5.3 6.4 Historic annual average P/E (x) 12.8 9.9 18.4 78.7 Cash flow/share (p) -57.5 -13.3 124 131 149 Capex/share (p) 105 101 105 35.4 35.1 Dividend per share (p) 36.8 42.5 39.7 43.5 46.9 39.3 50.3 Dividend yield (%) 11.1 9.3 11.9 Covered by earnings (x) 3.1 3.0 1.1 0.2 2.1 1.3 Net tangible assets per share (p) 199 264 290 205 217 Source: Company REFS
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://
Petrofac share price data is direct from the London Stock Exchange
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