Shawcor Ltd (SCL) to Release Earnings on Friday

Shawcor Ltd (TSE:SCL) will post its quarterly earnings results after the market closes on Friday, November 10th. Analysts expect Shawcor to post earnings of C$0.38 per share for the quarter.

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SCL has been the topic of a number of analyst reports. BMO Capital Markets dropped their price objective on shares of Shawcor from C$42.00 to C$36.00 in a report on Monday, August 14th. TD Securities set a C$33.00 target price on shares of Shawcor and gave the company a “buy” rating in a research note on Saturday, September 23rd. Finally, National Bank Financial raised shares of Shawcor from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$27.00 to C$35.00 in a research note on Wednesday, October 11th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$36.60.

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.

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