Shawcor Ltd (TSE:SCL) Director Pamela Sue Pierce bought 2,000 shares of the firm’s stock in a transaction on Friday, March 16th. The shares were bought at an average price of C$18.68 per share, for a total transaction of C$37,360.00.

Shawcor stock traded down C$0.76 during trading on Thursday, hitting C$24.26. 43,911 shares of the company traded hands, compared to its average volume of 95,963. Shawcor Ltd has a 1-year low of C$23.80 and a 1-year high of C$39.95. The stock has a market cap of $1,720.00, a price-to-earnings ratio of 23.61 and a beta of 0.64.

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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Friday, March 16th will be given a $0.15 dividend. The ex-dividend date is Thursday, March 15th. This represents a $0.60 annualized dividend and a dividend yield of 2.47%. Shawcor’s dividend payout ratio is presently 58.25%.

SCL has been the topic of several recent research reports. BMO Capital Markets decreased their price objective on shares of Shawcor from C$34.00 to C$32.00 in a research report on Monday, March 5th. TD Securities decreased their price objective on shares of Shawcor from C$36.00 to C$33.00 and set a “buy” rating on the stock in a research report on Monday, March 5th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of C$35.33.

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About Shawcor

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.

Insider Buying and Selling by Quarter for Shawcor (TSE:SCL)

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