Shawcor Ltd (TSE:SCL) declared a quarterly dividend on Tuesday, November 12th, Zacks reports. Stockholders of record on Friday, November 22nd will be paid a dividend of 0.15 per share on Friday, December 6th. This represents a $0.60 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend is Thursday, November 21st.
Shares of Shawcor stock traded up C$0.15 during trading hours on Tuesday, hitting C$12.28. The company’s stock had a trading volume of 193,993 shares, compared to its average volume of 111,325. Shawcor has a twelve month low of C$11.60 and a twelve month high of C$22.46. The firm has a fifty day moving average of C$13.76 and a 200-day moving average of C$16.46. The stock has a market cap of $848.86 million and a price-to-earnings ratio of 15.15. The company has a debt-to-equity ratio of 52.20, a quick ratio of 1.46 and a current ratio of 2.03.
Several equities analysts have recently commented on the company. BMO Capital Markets decreased their price target on Shawcor from C$28.00 to C$20.00 in a research note on Friday, August 9th. Royal Bank of Canada decreased their target price on Shawcor from C$18.00 to C$15.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. TD Securities lowered Shawcor from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$26.00 to C$21.50 in a research note on Thursday, November 14th. Finally, National Bank Financial decreased their target price on Shawcor from C$28.50 to C$22.50 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$22.42.
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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