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Petrofac to fall short of FY cash targets

Oilfield services firm Petrofac warned on Monday that it would fall short of meeting full-year cash targets after forward payments for multiple contracts failed to be received. ....

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Petrofac Limited (OTCMKTS:POFCF) Short Interest Update

Petrofac Limited (OTCMKTS:POFCF – Get Free Report) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 2,345,300 shares, a growth of 19.1% from the October 31st total of 1,969,600 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is […] ....

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Broker tips: Ashtead Technology, Spirax-Sarco, Petrofac, Tesco

Analysts at Canaccord Genuity downgraded subsea equipment rental group Ashtead Technology to 'hold' from 'buy' on Friday but hiked its target price on the stock from 475.0p to 615.0p following what it called "the big one". ....

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Berenberg places Petrofac 'under review'

Analysts at Berenberg placed oil and gas business Petrofac 'under review' on Friday, stating the group was now "precariously positioned". ....

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MMHE unit secures RM1.2bil subcontract for Netherlands offshore wind project

KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd's (MMHE) unit has secured a subcontract of the first offshore substation (OSS) high voltage direct current (HVDC) platform consisting of topside and jacket for the Ijmuiden ver Alpha Project from Petrofac International (UAE) LLC. ....

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