Share Name Share Symbol Market Type Share ISIN Share Description
Petrofac Limited LSE:PFC London Ordinary Share GB00B0H2K534 ORD USD0.02
  Price Change % Change Share Price Shares Traded Last Trade
  -2.90 -2.37% 119.30 755,583 14:45:13
Bid Price Offer Price High Price Low Price Open Price
119.20 119.40 123.00 119.00 121.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 2,260.57 -139.76 -39.78 620
Last Trade Time Trade Type Trade Size Trade Price Currency
14:43:19 AT 112 119.30 GBX

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Date Time Title Posts
26/4/202112:38*** Petrofac ***221
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 Limited is listed in the Oil Equipment Services & Distribution sector of the London Stock Exchange with ticker PFC. The last closing price for Petrofac was 122.20p.
Petrofac Limited has a 4 week average price of 118p and a 12 week average price of 102.70p.
The 1 year high share price is 203p while the 1 year low share price is currently 91.30p.
There are currently 519,818,832 shares in issue and the average daily traded volume is 1,803,534 shares. The market capitalisation of Petrofac Limited is £620,143,866.58.
lowtrawler: J5ack5k, it was neither a good nor a bad announcement. It confirmed what had previously been known and gave no surprises. Future trading will depend on wins from the contract pipeline and most of those are only going to be awarded in 2023. Nothing about this should have come as a surprise to any investors. I remain confident to keep a block of PFC as a core holding and attempt to trade volatility with another block. I am happy to be caught holding the trading block should the price fall but am also happy to be not trading when price increases due to my core holding. As I said last week, I am happy to accumulate at prices under 127p and will look to sell at prices over 140p. With continued volatility, I expect regular swings in the price between 100p - 160p until trading visibility improves.
dipa11: Today update will give clarity for the future. And clear sky with sun light (all doubt clear)SFO settlement has taken longer time and without big contract.Share price top was 17.00 gbp to bottom .90 pence range (with effect of heavy shorting)Now Oil price are high and petrofac are also working with green energy.So fingers crossed.Good morning and good luck
dipa11: My yesterday postBot or bolt are controlling price by way of selling minimum share @ reduced price and keep share price low.To helping some one to collect share @ cheaper rate. Good luck
dipa11: Bot or bolt are controlling price by way of selling minimum share @ reduced price and keep share price low.To helping some one to collect share @ cheaper rate. Good luck
dipa11: Bot or bolt are controlling price by way of selling minimum share @ reduced price and keep share price low.To helping some one to collect share @ cheaper rate. Good morning and good luck
colonel drake: TA wise, support at 130p and below that 122p level. Inflation story hurting most sector related stocks with profit margins near zero. But futures bright and market should be forward looking hence the PFC share price drive to 165p recently. But like January's surge in SP, it keeps getting called off or knocked back by near term weak reports or updates.
old fool2: Petrofac - free cash outflow expected at full year Sophie Lund-Yates, Equity Analyst | 26 May 2022 | A A A Petrofac - free cash outflow expected at full year No recommendation No news or research item is a personal recommendation to deal. All investments can fall as well as rise in value so you could get back less than you invest. Petrofac Ord USD0.02 Sell: 149.60 | Buy: 149.90 | Change -4.10 (-2.65%) Chart View factsheet Prices delayed by at least 15 minutes | Switch to live prices Turn on streaming prices Petrofac has said it's experiencing near-term headwinds in its Engineering, Procurement and Construction projects. This reflects the ongoing effect of the pandemic on progress, costs and the timing of payments. Older projects closer to being finished in Engineering and Construction are also being affected by inflation, because of cost over-runs and unfavourable pricing terms. Despite a stronger performance elsewhere, this means Petrofac now expects to report a "modest" free cash outflow for the full year. Shares fell 5.2% following the announcement. VIEW THE LATEST PETROFAC SHARE PRICE AND HOW TO DEAL Our view With the SFO investigation concluded, this was meant to be a time to rebuild. But the pandemic's thrown a wrench in those plans, pushing any hope of a material rebound further into the future. The group seems to be moving in the right direction under new CEO Sami Iskander, with a focus on winning new contracts and rebuilding the order book. The core engineering business continues to struggle against elevated covid-related costs, which holds margins back. Plus, order intake wasn't as robust as the group had been hoping at the full year, as clients were tentative about loosening the purse strings. It looks as though the absolute worst is over, but more recent news of lingering issues and inflation related headaches, means a full rebound this year is a lot less likely. The group's Russian tie-ups shouldn't impact performance severely, with just 0.6% of the value of current contracts exposed to the region. Last year the group was bidding on $54bn of projects due for award before the end of 2022. Having won $2.2bn in 2021 the group now has $37bn of new business due for award by the end of 2022. That suggests a win rate of 4-13%, which in our view is tepid at best. Having Saudi Arabia and the UAE back on the table could help the order book, though. The pressing need to win business could lead to overly aggressive bids for what contracts are available, boosting revenues at the expense of margins and profits. That's an age-old problem in the construction sector and one Petrofac needs to avoid. The all-important number at Petrofac continues to be the order book. The company's future depends on the fortunes of the wider oil sector, over which it has no control, but has been booming lately. With a price/earnings ratio some way above the long-term average, the market's expecting a sharp recovery. It looks like the group's firmly on that path, albeit at a slower pace than initially expected. Given the current volatility, sooner would have been better and management's subdued forecast doesn't fill us with confidence. With that in mind, we think caution is warranted. Petrofac key facts Forward Price/Earnings ratio: 22.4 10-Year Average Price/Earnings ratio: 9.5 Prospective dividend yield (next 12 months): 0.5% All ratios are sourced from Refinitiv. Please remember yields are variable and not a reliable indicator of future income. Keep in mind key figures shouldn't be looked at on their own - it's important to understand the big picture. REGISTER FOR UPDATES ON PETROFAC Full Year Results (23 March 2022) Full year revenue declined 25% to $3.1bn, as double-digit declines in Integrated Energy Services and Engineering & Construction more than offset an increase in Asset Solutions. This was largely due to Covid-related disruption, asset sales and unplanned disruption to production. Together with rising costs meant group underlying cash profits fell from $211m to $104m. Including non-cash charges related to refinancing, the SFO investigation and the likely expiration of a production sharing contract in Malaysia, the group reported a $195m net loss. Revenue and margins are expected to be ''subdued'' in the near term. CEO Sami Iskander said, ''While clients continue to prioritise cash preservation over new investments, we expect the increasingly supportive energy price environment to improve the outlook for awards as the year progresses.'' The UK was the group's largest contributor to overall revenue (24%), followed by Algeria and Thailand, which both contributed 14%. Engineering & Construction (64% of group sales) revenue fell 36% to $2.0bn, as Covid-related disruption weighed on results. The recognition of claims made on two past projects together with increased costs associated with the pandemic meant underlying net profits fell from $63m to $8m. Client spending remained low, but showed signs of improving toward the end of the year. New order intake was $1.2bn, up from $0.7bn last year. Revenue in Asset Solutions rose 19% to $1.1bn, reflecting growth across all services. Underlying net profits more than doubled to $86m, reflecting lower costs and more lucrative contracts as well as the release of money that had been set aside for tax obligations. The sale of the group's Mexican operations together with an unplanned outage in the main Cendor field meant Integrated Energy Services revenue fell 54% to $50m. Excluding the impact of the asset sales, revenue rose 19% as higher oil prices offset a 35% production decline. Underlying net losses improved from $18m to $5m. The group's order backlog, which reflects unearned value from current and future contracts, fell 20% to $4.0bn, reflecting caution among clients as they delayed spending in response to the pandemic. $2.4m of this is related to Russia. Lower profits, employee severance pay, refinancing costs and SFO penalty payments meant the group's free cash outflow increased from $123m to $281m. The group's £200m share sale in November offset much of this, so net debt rose at a slower rate from $116m to $144m. The group loan terms prevent it from paying dividends until 2023. FIND OUT MORE ABOUT PETROFAC SHARES INCLUDING HOW TO INVEST This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by Refinitiv. These estimates are not a reliable indicator of future performance. Yields are variable and not guaranteed. Investments rise and fall in value so investors could make a loss. This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment. This article has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is considered a marketing communication. Non-independent research is not subject to FCA rules prohibiting dealing ahead of research, however HL has put controls in place (including dealing restrictions, physical and information barriers) to manage potential conflicts of interest presented by such dealing. Please see our full non-independent research disclosure for more information.
action: If he is genuine seller ,he should atleast give a chance for share price to go up b4 selling it. May be this seller wants to keep share price down and selling it.
lowtrawler: jaka, PFC retained a profitable core business despite the SFO and bidding bans. They cut costs and have now recapitalised. Even IC who have a sell recommendation reckon PFC will make cash profits of £150m this year. With only 520m shares in circulation, that's a PER of 4 at the current share price We are entering a golden age for the types of investment PFC supports. We may no longer have the footprint to return to past levels of profitability but £200m is the minimum I would expect and it could easily grow to £300m or more. Once evidence of these profitability levels becomes clear, the share price should rise well over 150p and even the high broker estimate of 242p is within range. Our current share price is marking time, waiting for evidence as to trading profitability and business success. Unless you think the business is losing clients or winning bids at a loss, the share price in 12 months time will be substantially higher.
kubera369: The CEO has done a great job.From SFO resolution to saving 250M to ADNOC lifting in just a short period of time. From now on, one must be completely blind not to see that the worst, never experienced in its history, is over - while the share price was fluctuating within £3 - £5. PFC is now moving forward with a new culture and fresh platform to grow again. All this happening when oil exploration is a matter of urgency for the whole world. Why ? World economies cannot sustain oil prices over $120+ with the Russian equation which did never exist before. This is why one has to position as early as possible in infrastructure stocks. PFC is one of them because it is one of the most experienced in this area. It has always delivered its projects on time and will become a dividend yielder in the very near future. Holding it has two positives: 1/ A thriving exploration sector and 2/ A source of passive income from the end of 2022 - early 2023.
Petrofac share price data is direct from the London Stock Exchange
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