Shawcor Ltd (TSE:SCL) declared a quarterly dividend on Thursday, August 8th, Zacks reports. Stockholders of record on Tuesday, August 20th will be given a dividend of 0.15 per share on Friday, August 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Monday, August 19th.
Shawcor stock opened at C$16.15 on Friday. The company has a debt-to-equity ratio of 22.70, a quick ratio of 1.29 and a current ratio of 1.78. Shawcor has a 52 week low of C$15.11 and a 52 week high of C$28.89. The stock has a market capitalization of $1.13 billion and a P/E ratio of 87.30. The stock has a fifty day moving average of C$17.31 and a 200-day moving average of C$19.06.
Shawcor (TSE:SCL) last posted its quarterly earnings results on Tuesday, May 14th. The company reported C$0.05 EPS for the quarter, topping analysts’ consensus estimates of C($0.02) by C$0.07. The business had revenue of C$349.58 million for the quarter, compared to analyst estimates of C$348.37 million. On average, research analysts forecast that Shawcor will post 1.1 earnings per share for the current year.
A number of equities analysts have recently commented on SCL shares. National Bank Financial lowered their price target on Shawcor from C$33.00 to C$28.50 and set an “outperform” rating for the company in a report on Thursday. BMO Capital Markets lowered their price target on Shawcor from C$28.00 to C$20.00 in a report on Friday, August 9th. Royal Bank of Canada boosted their price target on Shawcor from C$21.00 to C$22.00 and gave the stock a “sector perform” rating in a report on Monday, August 12th. Finally, TD Securities boosted their price target on Shawcor from C$26.00 to C$27.00 and gave the stock a “buy” rating in a report on Friday, August 9th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of C$25.50.
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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