Shawcor (TSE:SCL) Reaches New 1-Year Low at $11.60

Shawcor Ltd (TSE:SCL) reached a new 52-week low on Thursday . The stock traded as low as C$11.60 and last traded at C$11.66, with a volume of 25429 shares trading hands. The stock had previously closed at C$11.72.

SCL has been the topic of several research analyst reports. Royal Bank of Canada lowered their price target on Shawcor from C$18.00 to C$15.00 and set a “sector perform” rating on the stock in a report on Thursday, November 14th. National Bank Financial lowered their price target on Shawcor from C$28.50 to C$22.50 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Finally, TD Securities cut Shawcor from a “buy” rating to a “hold” rating and lowered their price target for the company from C$26.00 to C$21.50 in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Shawcor presently has an average rating of “Buy” and an average target price of C$22.42.

The firm has a fifty day moving average price of C$12.50 and a two-hundred day moving average price of C$14.83. The stock has a market capitalization of $822.17 million and a P/E ratio of 15.51. The company has a debt-to-equity ratio of 50.40, a quick ratio of 1.41 and a current ratio of 2.00.

Shawcor (TSE:SCL) last released its quarterly earnings results on Tuesday, November 12th. The company reported C$0.09 earnings per share for the quarter, missing the consensus estimate of C$0.24 by C($0.15). The firm had revenue of C$394.02 million during the quarter, compared to analysts’ expectations of C$402.49 million. On average, research analysts anticipate that Shawcor Ltd will post 0.3341772 earnings per share for the current fiscal year.

About Shawcor (TSE:SCL)

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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