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Shawcor Ltd. (TSE:SCL - Get Rating) Senior Officer Kevin Dominic Reizer sold 15,902 shares of Shawcor stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of C$8.20, for a total transaction of C$130,466.37. Following the completion of the sale, the insider now owns 12,127 shares in the company, valued at C$99,494.76. Shawcor Price Performance

Shares of SCL stock traded down C$0.67 during midday trading on Friday, reaching C$7.75. 514,390 shares of the company were exchanged, compared to its average volume of 259,148. The company's 50 day moving average price is C$6.90 and its two-hundred day moving average price is C$5.95. The company has a market cap of C$546.44 million and a P/E ratio of -7.73. The company has a debt-to-equity ratio of 49.80, a quick ratio of 1.29 and a current ratio of 1.88. Shawcor Ltd. has a 12 month low of C$4.24 and a 12 month high of C$8.75.

Shawcor (TSE:SCL - Get Rating) last announced its quarterly earnings data on Thursday, August 11th. The company reported C$0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.03 by C$0.04. The business had revenue of C$307.02 million during the quarter, compared to analyst estimates of C$279.37 million. On average, sell-side analysts expect that Shawcor Ltd. will post 1.7200001 earnings per share for the current year. Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SCL shares. BMO Capital Markets lifted their price objective on shares of Shawcor from C$8.00 to C$12.00 in a research report on Friday, August 19th. ATB Capital lifted their price objective on shares of Shawcor from C$10.50 to C$13.00 in a research report on Sunday, August 21st. TD Securities lifted their price objective on shares of Shawcor from C$11.00 to C$12.00 and gave the company a "buy" rating in a research report on Tuesday, September 13th. Royal Bank of Canada boosted their price target on shares of Shawcor from C$8.00 to C$12.00 and gave the stock an "outperform" rating in a research report on Tuesday, September 13th. Finally, National Bankshares boosted their price target on shares of Shawcor from C$8.50 to C$12.00 and gave the stock an "outperform" rating in a research report on Friday, August 19th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Shawcor presently has an average rating of "Buy" and a consensus price target of C$11.58.Shawcor Company Profile (Get Rating)

Shawcor Ltd. operates as a material sciences company that serves the infrastructure, energy, and transportation markets worldwide. It operates through three segments: Composite Systems, Automotive and Industrial, and Pipeline and Pipe Services. The Composite Systems segment manufactures flexible composite and high density polyethylene pipes that are used for oil and gas gathering, water disposal, carbon dioxide injection pipelines, and other applications; fiberglass reinforced plastic underground storage tanks for the retail fuel, water and wastewater, and oil and gas markets; and tubular management services to the Western Canadian onshore oilfield market, including inventory management systems, mobile inspection, in-plant inspection and the refurbishment and rethreading of drill pipe, production tubing and casing, and tubular products.Further ReadingWhy Does Tesla Stock Remain Resilient?Will Crowdstrike Get A Boost From Increased EPS Guidance?2 Semiconductor Stocks To Watch For ReversalsAre Layoffs At A Small-Cap Tech A Bellwether For Housing Stocks?Is Costco’s Post-Earnings Price Weakness A Good Time To Buy? 

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