Shawcor Ltd (SCL) Expected to Earn Q3 2017 Earnings of $0.33 Per Share
Shawcor Ltd (TSE:SCL) – Stock analysts at National Bank Financial cut their Q3 2017 EPS estimates for Shawcor in a research note issued to investors on Sunday. National Bank Financial analyst G. Colman now forecasts that the company will post earnings of $0.33 per share for the quarter, down from their prior forecast of $0.61. National Bank Financial has a “Sector Perform” rating and a $27.00 price objective on the stock. National Bank Financial also issued estimates for Shawcor’s Q4 2017 earnings at $0.34 EPS, FY2017 earnings at $1.08 EPS and FY2018 earnings at $0.71 EPS.
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Several other equities analysts have also recently issued reports on SCL. Royal Bank Of Canada decreased their price target on Shawcor from C$40.00 to C$38.00 and set a “sector perform” rating on the stock in a report on Thursday, May 11th. AltaCorp Capital cut Shawcor from an “outperform” rating to a “sector perform” rating in a report on Tuesday, April 18th. Finally, Industrial Alliance Securities upgraded Shawcor from a “buy” rating to a “strong-buy” rating and set a C$41.00 price target on the stock in a report on Monday, May 29th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$38.00.
Shares of Shawcor (SCL) opened at 26.42 on Wednesday. The company has a 50-day moving average of $31.00 and a 200 day moving average of $34.98. Shawcor has a 12-month low of $26.34 and a 12-month high of $39.95. The firm’s market cap is $1.85 billion.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Shareholders of record on Wednesday, May 31st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Wednesday, May 17th.
Shawcor Company Profile
Shawcor Ltd is a Canada-based energy services company. The Company is engaged in designing, engineering, marketing and selling products and services, such as pipe coating services; flexible composite pipe; onshore and offshore pipeline corrosion and thermal protection; ultrasonic and radiographic inspection services; tubular management services; heat-shrinkable polymer tubing, and control and instrumentation wire and cable.
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