Shawcor Ltd Expected to Earn Q3 2017 Earnings of $0.36 Per Share (SCL)
Shawcor Ltd (TSE:SCL) – Analysts at National Bank Financial raised their Q3 2017 earnings per share (EPS) estimates for shares of Shawcor in a report released on Tuesday. National Bank Financial analyst G. Colman now anticipates that the company will post earnings per share of $0.36 for the quarter, up from their previous forecast of $0.31. National Bank Financial currently has a “Outperform” rating and a $35.00 price objective on the stock. National Bank Financial also issued estimates for Shawcor’s FY2018 earnings at $0.71 EPS.
Other equities research analysts have also recently issued reports about the company. TD Securities set a C$33.00 price objective on Shawcor and gave the stock a “buy” rating in a report on Saturday, September 23rd. BMO Capital Markets lowered their price objective on Shawcor from C$42.00 to C$36.00 in a report on Monday, August 14th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of C$36.60.
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Shares of Shawcor (SCL) opened at 28.54 on Friday. Shawcor has a 12 month low of $24.20 and a 12 month high of $39.95. The stock’s market cap is $2.00 billion. The firm has a 50-day moving average price of $26.39 and a 200-day moving average price of $29.71.
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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