Petrowest Corp to Post FY2017 Earnings of $0.03 Per Share, Beacon Securities Forecasts (PRW)
Petrowest Corp (TSE:PRW) – Equities research analysts at Beacon Securities lowered their FY2017 earnings estimates for shares of Petrowest Corp in a research report issued to clients and investors on Thursday. Beacon Securities analyst K. Wilson now anticipates that the brokerage will post earnings of $0.03 per share for the year, down from their prior forecast of $0.04.
A number of other equities research analysts also recently commented on the stock. National Bank Financial dropped their price objective on shares of Petrowest Corp from C$0.50 to C$0.30 and set a “sector perform” rating on the stock in a research report on Thursday, August 11th. Canaccord Genuity dropped their price objective on shares of Petrowest Corp from C$0.80 to C$0.45 in a research report on Friday, August 12th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Petrowest Corp has an average rating of “Buy” and a consensus target price of C$0.69.
Petrowest Corp (TSE:PRW) traded up 8.929% during midday trading on Friday, hitting $0.305. 351,335 shares of the stock traded hands. The stock’s market cap is $64.47 million. Petrowest Corp has a one year low of $0.20 and a one year high of $0.61. The company has a 50-day moving average price of $0.28 and a 200 day moving average price of $0.40.
Petrowest Corp Company Profile
Petrowest Corporation (Petrowest) provides industrial and civil infrastructure projects, as well as predrilling and post-completion energy services, gravel crushing and hauling for non-energy sector customers. The Company’s businesses include rock crushing, log and gravel loading and hauling, heavy equipment transportation, safety equipment rentals and supervision, heavy equipment rentals, land clearing, earth moving and site preparation services, and the operation of a landfill to receive and manage contaminated waste.
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