FY2017 Earnings Estimate for Petrowest Corp Issued By National Bank Financial (PRW)
Petrowest Corp (TSE:PRW) – Analysts at National Bank Financial lowered their FY2017 earnings estimates for Petrowest Corp in a research report issued to clients and investors on Monday. National Bank Financial analyst M. Sytchev now expects that the firm will earn $0.01 per share for the year, down from their previous forecast of $0.02. National Bank Financial has a “Sector Perform” rating and a $0.30 price objective on the stock.
Separately, Canaccord Genuity downgraded Petrowest Corp from a “speculative buy” rating to a “sell” rating and reduced their target price for the stock from C$0.45 to C$0.20 in a research note on Tuesday, November 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Petrowest Corp presently has an average rating of “Hold” and a consensus price target of C$0.63.
Shares of Petrowest Corp (TSE:PRW) opened at 0.205 on Wednesday. Petrowest Corp has a 12 month low of $0.19 and a 12 month high of $0.61. The company has a 50-day moving average price of $0.28 and a 200-day moving average price of $0.37. The company’s market capitalization is $43.34 million.
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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