Brokers Set Expectations for Shawcor Ltd’s FY2016 Earnings (SCL)

Shawcor Ltd (TSE:SCL) – Research analysts at Cormark issued their FY2016 EPS estimates for shares of Shawcor in a research report issued to clients and investors on Monday. Cormark analyst J. Zhang expects that the firm will earn ($2.93) per share for the year. Cormark also issued estimates for Shawcor’s Q4 2016 earnings at $0.06 EPS, Q1 2017 earnings at $0.28 EPS, Q2 2017 earnings at $0.29 EPS, Q3 2017 earnings at $0.54 EPS, Q4 2017 earnings at $0.63 EPS and FY2018 earnings at $2.74 EPS.

A number of other analysts have also recently issued reports on the company. BMO Capital Markets raised their price objective on Shawcor from C$40.00 to C$42.00 in a research report on Tuesday. TD Securities lifted their price target on Shawcor from C$41.00 to C$42.00 and gave the stock a “buy” rating in a report on Wednesday, December 28th.

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Shares of Shawcor (TSE:SCL) traded up 0.65% during mid-day trading on Wednesday, reaching $34.29. The company’s stock had a trading volume of 55,660 shares. The firm has a 50 day moving average price of $33.94 and a 200 day moving average price of $32.23. The firm’s market cap is $2.22 billion. Shawcor has a 52-week low of $25.45 and a 52-week high of $36.39.

COPYRIGHT VIOLATION WARNING: This piece was first published by Community Financial News and is the propert of of Community Financial News. If you are accessing this piece on another site, it was stolen and republished in violation of US & international copyright law. The correct version of this piece can be accessed at https://www.com-unik.info/2017/01/11/brokers-set-expectations-for-shawcor-ltds-fy2016-earnings-scl.html.

Shawcor Company Profile

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.

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