Shawcor (TSE:SCL) had its price target hoisted by Royal Bank of Canada from C$21.00 to C$22.00 in a research report sent to investors on Monday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.
Several other research firms have also commented on SCL. TD Securities upped their target price on Shawcor from C$26.00 to C$27.00 and gave the company a buy rating in a report on Friday, August 9th. BMO Capital Markets lowered their target price on Shawcor from C$28.00 to C$20.00 in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of C$25.50.
TSE:SCL opened at C$15.99 on Monday. The firm has a market capitalization of $1.19 billion and a PE ratio of 86.43. The stock has a 50 day moving average of C$17.35 and a 200-day moving average of C$19.07. Shawcor has a 52 week low of C$15.11 and a 52 week high of C$28.89. The company has a current ratio of 1.78, a quick ratio of 1.29 and a debt-to-equity ratio of 22.70.
Shawcor (TSE:SCL) last posted its earnings results on Tuesday, May 14th. The company reported C$0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.02) by C$0.07. The company had revenue of C$349.58 million for the quarter, compared to the consensus estimate of C$348.37 million. As a group, analysts predict that Shawcor will post 1.1 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Tuesday, August 20th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Monday, August 19th. Shawcor’s dividend payout ratio (DPR) is presently 324.32%.
Shawcor Company Profile
Shawcor Ltd., an energy services company, provides products and services for the pipeline, pipe services, petrochemical, and industrial segments of the energy industry in North America, Latin America, Europe, the Middle East, Africa, Russia, and the Asia Pacific. The company operates through two segments, Pipeline and Pipe Services, and Petrochemical and Industrial.
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