Shawcor (TSE:SCL) Sets New 52-Week Low at $14.02

Shawcor Ltd (TSE:SCL)’s stock price reached a new 52-week low on Thursday . The company traded as low as C$14.02 and last traded at C$14.05, with a volume of 2301 shares. The stock had previously closed at C$14.08.

A number of analysts have recently weighed in on SCL shares. Royal Bank of Canada increased their price objective on shares of Shawcor from C$21.00 to C$22.00 and gave the stock a “sector perform” rating in a research note on Monday, August 12th. BMO Capital Markets cut their price objective on shares of Shawcor from C$28.00 to C$20.00 in a research note on Friday, August 9th. National Bank Financial set a C$28.50 price objective on shares of Shawcor and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Finally, TD Securities increased their price objective on shares of Shawcor from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of C$25.50.

The stock’s fifty day moving average is C$15.61 and its 200-day moving average is C$17.53. The stock has a market capitalization of $977.20 million and a PE ratio of 17.06. The company has a debt-to-equity ratio of 52.20, a current ratio of 2.03 and a quick ratio of 1.46.

Shawcor (TSE:SCL) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C($0.03) by C$0.30. The firm had revenue of C$411.79 million for the quarter, compared to analysts’ expectations of C$383.00 million. On average, analysts forecast that Shawcor Ltd will post 0.8799999 EPS for the current year.

In other news, Senior Officer Stephen Michael Orr purchased 5,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average cost of C$16.05 per share, with a total value of C$80,250.00. Following the completion of the acquisition, the insider now owns 27,565 shares of the company’s stock, valued at approximately C$442,418.25. Insiders have purchased 7,750 shares of company stock worth $124,993 over the last three months.

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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