Savanna Energy Rating Lowered to Underperform at BMO Capital Markets (SVY)
Savanna Energy (TSE:SVY) was downgraded by analysts at BMO Capital Markets from a “market perform” rating to an “underperform” rating in a research report issued to clients and investors on Tuesday, Analyst Ratings Net reports.
Savanna Energy (TSE:SVY) traded down 1.90% on Tuesday, hitting $8.25. 47,165 shares of the company’s stock traded hands. Savanna Energy has a 52 week low of $6.45 and a 52 week high of $8.56. The stock has a 50-day moving average of $8.00 and a 200-day moving average of $7.59. The company has a market cap of $723.5 million and a P/E ratio of 25.48.
The company also recently announced a dividend, which is scheduled for Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of 0.0283 per share. The ex-dividend date is Friday, December 27th.
A number of other analysts have also recently weighed in on SVY. Analysts at RBC Capital reiterated an “outperform” rating on shares of Savanna Energy in a research note to investors on Tuesday, December 17th. Separately, analysts at CIBC reiterated a “sector outperform” rating on shares of Savanna Energy in a research note to investors on Tuesday, December 17th. Finally, analysts at Pi Financial raised their price target on shares of Savanna Energy from C$8.50 to C$10.00 in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of C$9.10.
Savanna Energy Services Corp. (TSE:SVY) is an oilfield services provider.
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