Petrofac extends banking facilities, says net debt will be better than expected
7th Apr 2021 12:52
(Sharecast News) - Petrofac shares surged on Wednesday after the oilfield services provider said it has extended $700m of its banking facilities and that net debt is set to be better than expected.
Read morePetrofac suspended by ADNOC from competing for new awards, shares tank
15th Mar 2021 15:01
(Sharecast News) - Petrofac shares tanked on Monday after the oilfield services provider said it had been notified by the Abu Dhabi National Oil Company (ADNOC) that it has been suspended from competing for new awards until further notice.
Read morePetrofac scores two contracts through Petroleum Development Oman
4th Feb 2021 08:23
(Sharecast News) - Oilfield services group Petrofac has been awarded two contracts, together worth around $300.0m through Petroleum Development Oman.
Read moreSunday share tips: Stenprop, Carnival
3rd Jan 2021 20:33
(Sharecast News) - The Mail on Sunday's Midas column tipped shares of property investment fund Stenprop among its picks for the year ahead, pointing to the company's diversified client base, "high demand" for its properties and "decent" dividend income to back up its case.
Read morePetrofac ups cost cut target in uncertain conditions
16th Dec 2020 07:05
(Sharecast News) - Petrofac increased its target for cost cuts as the oil field services company said it expected 2020 profit "materially lower" in uncertain trading conditions.
Read moreWednesday broker round-up
25th Nov 2020 13:38
(Sharecast News) - Codemasters Group: Berenberg downgrades to hold with a target price of 485p.
Read morePetrofac CEO Ayman Asfari to retire at end of the year
12th Oct 2020 09:32
(Sharecast News) - Oilfield services provider Petrofac said on Monday that chief executive Ayman Asfari has decided to retire at the end of the year and will be succeeded by former BG and Shell executive Sami Iskander.
Read moreThursday broker round-up
10th Sep 2020 14:21
(Sharecast News) - Hargreaves Lansdown: Deutsche Bank upgrades to hold with a target price of 1,600.0p.
Read moreBernstein downgrades Petrofac to 'underperform'
10th Sep 2020 09:57
(Sharecast News) - Analysts at Bernstein downgraded oilfield services provider Petrofac to 'underperform' on Thursday, citing increasing concerns that risks threatened to "engulf" the company.
Read moreFriday broker round-up
28th Aug 2020 13:28
(Sharecast News) - CLS Holdings: Berenberg reiterates buy with a target price of 270p.
Read moreThursday broker round-up
25th Jun 2020 14:05
(Sharecast News) - InterContinental Hotels: Jefferies downgrades to hold with a target price of 4,100.0p.
Read morePetrofac reports $6.4bn order backlog; warns of engineering hit
24th Jun 2020 07:01
(Sharecast News) - Oilfield services firm Petrofac said its group order backlog fell 13% at the end of May as it warned of a significant impact on its engineering division from the coronavirus pandemic.
Read moreMonday broker round-up
18th May 2020 12:55
(Sharecast News) - Land Securities: Barclays upgrades to overweight with a target price of 730p.
Read moreWednesday preview: US oil inventories, Fevertree in focus
21st Apr 2020 16:13
(Sharecast News) - Investors' focus on Wednesday will remain firmly on the oil patch where the US Department of Energy will release its weekly inventory statistics.
Read moreJP Morgan stays at 'neutral' on Petrofac despite cancellation of Dalma contract
20th Apr 2020 13:00
(Sharecast News) - Analysts at JP Morgan stuck to their 'neutral' recommendation for shares of Petrofac, despite news that the Abu Dhabi National Oil Corporation had cancelled the $1.5bn Engineering, Procurement and Construction for the Dalma Gas Development Project.
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