Shawcor (TSE:SCL) Stock Passes Below Two Hundred Day Moving Average of $13.91

Shawcor Ltd (TSE:SCL)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $13.91 and traded as low as $11.02. Shawcor shares last traded at $11.12, with a volume of 119,505 shares traded.

Several equities research analysts recently issued reports on SCL shares. TD Securities cut shares of Shawcor from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$26.00 to C$21.50 in a research report on Thursday, November 14th. Royal Bank of Canada lowered their target price on shares of Shawcor from C$18.00 to C$15.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Finally, National Bank Financial lowered their target price on shares of Shawcor from C$20.50 to C$17.00 and set an “outperform” rating for the company in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$20.30.

The business’s 50 day moving average is C$11.64 and its 200-day moving average is C$13.88. The company has a debt-to-equity ratio of 50.40, a current ratio of 2.00 and a quick ratio of 1.41. The company has a market cap of $775.90 million and a PE ratio of 14.83.

Shawcor (TSE:SCL) last issued its quarterly earnings results on Tuesday, November 12th. The company reported C$0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.15). The company had revenue of C$394.02 million for the quarter, compared to the consensus estimate of C$402.49 million. As a group, sell-side analysts predict that Shawcor Ltd will post 0.37 EPS for the current fiscal year.

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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