Savanna Energy Upgraded by TD Securities to Buy (SVY)
Savanna Energy (TSE:SVY) was upgraded by TD Securities from a “hold” rating to a “buy” rating in a research note issued on Wednesday, StockRatingsNetwork.com reports. The firm currently has a C$10.00 target price on the stock, up from their previous target price of C$9.00. TD Securities’ price objective indicates a potential upside of 20.77% from the company’s current price.
A number of other analysts have also recently weighed in on SVY. Analysts at CIBC raised their price target on shares of Savanna Energy from C$9.50 to C$10.00 in a research note on Tuesday. Separately, analysts at Raymond James raised their price target on shares of Savanna Energy from C$9.00 to C$9.50 in a research note on Monday. They now have an “outperform” rating on the stock. Finally, analysts at BMO Capital Markets downgraded shares of Savanna Energy from a “market perform” rating to an “underperform” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Savanna Energy has a consensus rating of “Buy” and a consensus price target of C$9.58.
Savanna Energy (TSE:SVY) traded up 4.41% on Wednesday, hitting $8.28. 71,681 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 $8.13 and a 200-day moving average of $7.8. The company has a market cap of $726.1 million and a price-to-earnings ratio of 24.03.
The company also recently declared a feb 14 dividend, which is scheduled for Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.03 per share. This represents a yield of 4.53%. The ex-dividend date of this dividend is Wednesday, February 26th.
Savanna Energy Services Corp. (TSE:SVY) is an oilfield services provider.
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