Shawcor (TSE:SCL) had its price objective lifted by Royal Bank of Canada from C$21.00 to C$22.00 in a report released on Monday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.
Other equities research analysts also recently issued research reports about the company. BMO Capital Markets lowered their price target on Shawcor from C$28.00 to C$20.00 in a research report on Friday, August 9th. TD Securities boosted their price target on Shawcor from C$26.00 to C$27.00 and gave the company a buy rating in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Shawcor has an average rating of Buy and an average target price of C$25.50.
SCL stock opened at C$15.99 on Monday. The stock has a 50-day moving average price of C$17.35 and a two-hundred day moving average price of C$19.07. Shawcor has a 12-month low of C$15.11 and a 12-month 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. The company has a market cap of $1.19 billion and a PE ratio of 86.43.
Shawcor (TSE:SCL) last posted its quarterly earnings results on Tuesday, May 14th. The company reported C$0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C($0.02) by C$0.07. The firm had revenue of C$349.58 million for the quarter, compared to analysts’ expectations of C$348.37 million. Equities analysts forecast that Shawcor will post 1.1 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Tuesday, August 20th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Monday, August 19th. Shawcor’s dividend payout ratio (DPR) is presently 324.32%.
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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