AltaCorp Capital Reaffirms “Outperform” Rating for Shawcor (TSE:SCL)

Shawcor (TSE:SCL)‘s stock had its “outperform” rating restated by equities researchers at AltaCorp Capital in a research report issued on Tuesday, April 2nd, reports.

A number of other analysts also recently issued reports on the stock. National Bank Financial lowered their price target on shares of Shawcor from C$36.00 to C$33.00 and set an “outperform” rating on the stock in a report on Wednesday, March 27th. TD Securities raised shares of Shawcor from a “hold” rating to a “buy” rating and lowered their price target for the stock from C$27.00 to C$24.00 in a report on Monday, January 7th. Industrial Alliance Securities increased their price objective on shares of Shawcor from C$26.50 to C$27.50 and gave the company a “strong-buy” rating in a report on Tuesday, January 22nd. Finally, Cormark decreased their price objective on shares of Shawcor from C$35.00 to C$28.00 and set a “buy” rating on the stock in a report on Tuesday, March 12th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of C$28.13.

Shawcor stock traded up C$0.10 during mid-day trading on Tuesday, reaching C$20.10. 73,523 shares of the company traded hands, compared to its average volume of 102,629. The firm has a market capitalization of $1.44 billion and a price-to-earnings ratio of 54.47. Shawcor has a fifty-two week low of C$15.11 and a fifty-two week high of C$28.89. The company has a current ratio of 2.36, a quick ratio of 1.80 and a debt-to-equity ratio of 26.11.

Shawcor (TSE:SCL) last released its quarterly earnings data on Wednesday, March 6th. The company reported C$0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of C($0.04) by C$0.10. The business had revenue of C$354.15 million during the quarter, compared to analyst estimates of C$336.10 million. On average, sell-side analysts predict that Shawcor will post 1.35999997294878 EPS for the current fiscal year.

In related news, Senior Officer Kevin Dominic Reizer sold 1,573 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of C$21.00, for a total transaction of C$33,033.00. Following the completion of the sale, the insider now directly owns 427 shares in the company, valued at C$8,967.

Shawcor Company Profile

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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Analyst Recommendations for Shawcor (TSE:SCL)

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