Shawcor Ltd (TSE:SCL) shares reached a new 52-week low during trading on Thursday . The company traded as low as C$11.60 and last traded at C$11.66, with a volume of 25429 shares changing hands. The stock had previously closed at C$11.72.

A number of research analysts have commented on SCL shares. Royal Bank of Canada lowered their price target on Shawcor from C$18.00 to C$15.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. TD Securities lowered Shawcor from a “buy” rating to a “hold” rating and lowered their price target for the company from C$26.00 to C$21.50 in a research report on Thursday, November 14th. Finally, National Bank Financial lowered their price target on Shawcor from C$28.50 to C$22.50 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Shawcor presently has an average rating of “Buy” and a consensus target price of C$22.42.

The business has a fifty day simple moving average of C$12.50 and a two-hundred day simple moving average of C$14.83. The company has a current ratio of 2.00, a quick ratio of 1.41 and a debt-to-equity ratio of 50.40. The stock has a market cap of $822.17 million and a PE ratio of 15.51.

Shawcor (TSE:SCL) last posted its earnings results on Tuesday, November 12th. The company reported C$0.09 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.15). The business had revenue of C$394.02 million during the quarter, compared to analysts’ expectations of C$402.49 million. On average, research analysts predict that Shawcor Ltd will post 0.3341772 earnings per share for the current year.

Shawcor Company Profile (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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