Savanna Energy Services PT Lowered to $8.25 (SVY)
A number of other analysts have also recently weighed in on SVY. Analysts at Canaccord Genuity cut their price target on shares of Savanna Energy Services from $9.50 to $8.75 in a research note to investors on Monday, March 11th. Separately, analysts at Raymond James downgraded shares of Savanna Energy Services from a “strong-buy” rating to an “outperform” rating in a research note to investors on Friday, March 8th. They now have a $9.00 price target on the stock, down previously from $9.75. Finally, analysts at Raymond James raised their price target on shares of Savanna Energy Services from $9.75 to $10.50 in a research note to investors on Friday, February 15th. They now have a “strong-buy” rating on the stock.
One investment analyst has rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $9.00.
Savanna Energy Services (TSE: SVY) traded down 1.14% on Wednesday, hitting $6.94. Savanna Energy Services has a 1-year low of $6.30 and a 1-year high of $8.42. The stock’s 50-day moving average is currently $7.19. The company has a market cap of $598.2 million and a price-to-earnings ratio of 15.95.
The company also recently declared a mar 13 dividend, which is scheduled for Monday, April 15th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.03 per share.
Savanna Energy Services Corp. (TSE: SVY) is an oilfield services provider. The Company’s business is focused in the drilling, well services and oilfield equipment rental segment of the oilfield services industry and its operations are based in Canada and the United States with operations in Australia.
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