Petrofac Spread Betting
Where Can I Spread Bet on Petrofac?
You are able to trade Petrofac, and a broad range of other online markets, through companies such as:
|Broker Ratings - Sponsored by IG
A look at the latest Petrofac broker ratings:
|09-Mar-16||Neutral||Exane BNP Paribas||957||890||-7.00%|
|15-Sep-15||Neutral||Exane BNP Paribas||786||950||20.90%|
For the latest UK broker ratings see Daily Trading Tips.
Where Can I Find Live Spread Betting Prices and Charts for Petrofac?
The real-time CFD chart and prices below will give users a useful guide to the Petrofac share price.
The chart above is provided by Plus 500 and normally tracks the near-term Petrofac futures price (not the spot price).
If you'd like access to up-to-the-minute financial spread betting prices and charts for Petrofac, you will normally require a spread betting account.
In addition, a spreads account will give you access to short term daily prices. Readers should note that accounts are normally dependent on credit, suitability and status checks.
Should your new account be accepted then, when you log in, you will be able to study the live trading charts and prices. These are usually provided as part of the service. So what's the catch? You are likely to get an occasional letter or email from the financial spread betting company.
Of course, if you were to trade then, before you start, you should note that CFD trading and spread betting do carry a high degree of risk and can result in you losing more than your initial investment.
See below for more on advanced Petrofac charts.
Petrofac Share Price Update:
The share price is lower than the 20 DMA of 444.2p and lower than the 50 DMA of 440.2p.
- Current Price(i): 432.8p
- Closing Price: 430.2p
- 1 Day Change: Down -1.78%
- 5 Day Change: Down -4.40%
Long-Term PFC.L Data
Price data from Google Finance. Also see Live PFC.L Share Price & Charts and About Petrofac for more information.
- 52 Week High: 978.5p
- 52 Week Low: 345.2p
- EPS(i): £0.13
- PE Ratio(i): 32.87
- Volume / Average Volume(i): 0.307m / 3.462m
- Market Cap(i): £1,503m
- Shares Outstanding(i): 347m
Update by Jenna Cutly, Editor,
Petrofac Full Year 2013 Results and a Positive Forecast
Net profit at the oil and gas engineering firm is up 3% to $650m but EBITDA is up 17% to +$1bn.
Fully diluted EPS increased 2.8% to 189.10¢ from 183.88¢ in 2012.
Revenues are up 1.4% to $6,329m from $6,240 in 2012.
The firm reported good growth in Offshore Projects & Operations, Engineering & Consulting Services and Integrated Energy Services due to "high levels of activity".
The board has proposed a final dividend of 43.80¢ per share for the year ended 31 December, slightly up from 43.00¢ in 2012.
Therefore the total dividend for 2013 stands at 65.80¢, up from 64.00¢s; in 2012.
The statement also said, "We expect to deliver flat-to-modest growth in net profit in 2014. We remain confident of the long-term growth trajectory for Petrofac and of returning to strong earnings growth in 2015."
Update by Jacob Wood, Editor,
Advanced Charts for Petrofac Shares
Despite the fact that the charts normally differ across the various firms, to help your trading decisions, they generally come with valuable features and tools, including:
Charts offered by InterTrader also come with other benefits like:
- A wide range of time intervals such as 1 minute, 15 minutes, 4 hours and so on
- A variety of display options such as line, candlestick and OHLC charts
- Drawing features such as Fibonacci Time Zones, Fans and Arcs
Example shares chart
- Tailored Indicators and Back Testing
- Useful technical overlays such as Parabolic SAR, Ichimoku Cloud, Linear Regression and so on
- Over 30 indicators such as Momentum Percentage, Elder Rays, Swing Index and so on
- Automatic email notifications that trigger when your chosen market hits a pre-determined price
The spread betting firms listed below give their clients real time trading prices/charts:
Where Can I Spread Bet on Petrofac for Free?
Investing always comes with risk, however, if you want to try a completely free Test Account, that lets you try out spread trading, please see below for further details.
When considering which investment option might work for you, also remember that in the UK, spread trading is currently exempt from stamp duty, capital gains tax and income tax*.
If you are trying to find a low cost spread betting website, note that investors are able to spread bet on Petrofac without paying any brokers' fees or commissions via providers like:
Should you want a (free) virtual money Practice Account which allows users to try out spread betting, including markets like gold, the FTSE 100 and Petrofac, then have a closer look at:
Each of the above spread trading firms currently provide a Test Account that lets investors try out new trading strategies, gain experience with a host of orders and analyse professional level charts, including candlestick and line charts.
How to Spread Bet on Petrofac?
Should an investor decide to invest in companies such as Petrofac then one option is to spread bet on the Petrofac share price.
Looking at a financial spread betting website like Capitalspreads, you can see that they have priced the Petrofac Rolling Daily market at 1628.1p - 1631.9p. As a result, you could spread bet on the Petrofac shares:
Going higher than 1631.9p, or
Going lower than 1628.1p
Whilst financial spread trading on FTSE 350 shares you trade in £x per penny. As a result, if you risked £5 per penny and the Petrofac shares move 21p then that would be a difference to your profit/loss of £105. £5 per penny x 21p = £105.
Rolling Daily Shares Markets
An important aspect of this Rolling Daily Market is that there is no settlement date for this market. If you decide to leave your trade open at the end of the day, it will roll over to the next trading day.
If a position is rolled over and you are spread betting on the market to:
Go up - then you'll often be charged a small financing fee, or
Go down - then a small payment will usually be credited to your account
To learn more about Rolling Daily Markets please see Rolling Daily Spread Betting.
Petrofac Rolling Daily - Equities Spread Trading Example
Now, if you consider the above spread of 1628.1p - 1631.9p and assume:
Then you may choose to buy a spread bet at 1631.9p for a stake of £3 per penny.
- You have completed your market research, and
- Your analysis leads you to feel the Petrofac share price will push higher than 1631.9p
With such a spread bet you win £3 for every penny that the Petrofac shares move above 1631.9p. However, you will lose £3 for every penny that the Petrofac market falls below 1631.9p.
Looking at this from another angle, if you ‘Buy’ a spread bet then your profits (or losses) are found by taking the difference between the settlement price of the market and the price you bought the spread at. You then multiply that difference in price by the stake.
If after a few trading sessions the stock rose then you might want to close your spread bet to secure your profit.
Therefore, if the market moved up then the spread, determined by the spread betting firm, could change to 1672.7p - 1676.5p. In order to close/settle your position you would sell at 1672.7p. Accordingly, with the same £3 stake you would make a profit of:
P&L = (Final Level - Initial Level) x stake
P&L = (1672.7p - 1631.9p) x £3 per penny stake
P&L = 40.8p x £3 per penny stake
P&L = £122.40 profit
Trading shares, whether by spread betting or otherwise, is not easy. In the above example, you wanted the share price to rise. However, the share price could fall.
If the Petrofac share price began to drop then you could choose to close your trade in order to limit your losses.
So if the market dropped to 1596.0p - 1599.8p then you would settle/close your trade by selling at 1596.0p. As a result, your loss would be:
P&L = (Final Level - Initial Level) x stake
P&L = (1596.0p - 1631.9p) x £3 per penny stake
P&L = -35.9p x £3 per penny stake
P&L = -£107.70 loss
Note: Petrofac Rolling Daily market taken as of 19-Oct-12.
Petrofac Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Petrofac with
'Petrofac Spread Betting' edited by Jenna Cutly, updated 03-Oct-17
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