FY2017 EPS Estimates for Petrowest Corp Decreased by Beacon Securities (PRW)

Petrowest Corp (TSE:PRW) – Equities research analysts at Beacon Securities reduced their FY2017 EPS estimates for Petrowest Corp in a research note issued to investors on Thursday. Beacon Securities analyst K. Wilson now forecasts that the firm will post earnings of $0.03 per share for the year, down from their prior estimate of $0.04.

A number of other analysts have also recently weighed in on the stock. National Bank Financial decreased their price target on shares of Petrowest Corp from C$0.50 to C$0.30 and set a “sector perform” rating for the company in a research note on Thursday, August 11th. Canaccord Genuity reduced their target price on shares of Petrowest Corp from C$0.80 to C$0.45 in a research note on Friday, August 12th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of C$0.69.

Earnings History and Estimates for Petrowest Corp (TSE:PRW)

Petrowest Corp (TSE:PRW) opened at 0.305 on Friday. The company’s 50-day moving average is $0.28 and its 200-day moving average is $0.40. Petrowest Corp has a 52-week low of $0.20 and a 52-week high of $0.61. The firm’s market capitalization is $64.47 million.

About Petrowest Corp

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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