Savanna Energy Services Corp. Rating Increased to Outperform at FirstEnergy Capital (SVY)
Savanna Energy Services Corp. (TSE:SVY) was upgraded by FirstEnergy Capital from a “market perform” rating to an “outperform” rating in a research note issued on Friday, AR Network reports.
SVY has been the subject of a number of other recent research reports. Analysts at Scotiabank upgraded shares of Savanna Energy Services Corp. to a “sector outperform” rating in a research note on Monday, March 31st. Separately, analysts at BMO Capital Markets cut their price target on shares of Savanna Energy Services Corp. from C$8.50 to C$7.50 in a research note on Friday, March 7th. They now have an “underperform” rating on the stock. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of C$9.40.
Savanna Energy Services Corp. (TSE:SVY) traded up 1.38% during mid-day trading on Friday, hitting $8.81. The stock had a trading volume of 162,875 shares. Savanna Energy Services Corp. has a 1-year low of $6.59 and a 1-year high of $8.86. The stock’s 50-day moving average is $7.7 and its 200-day moving average is $7.88. The company has a market cap of $782.3 million and a price-to-earnings ratio of 24.83.
The company also recently declared a apr 14 dividend, which is scheduled for Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.03 per share. This represents a yield of 4.67%. The ex-dividend date of this dividend is Monday, April 28th.
Savanna Energy Services Corp. (TSE:SVY) is a drilling and oilfield services company with operations in Canada, the United States and Australia, focused on providing equipment and technologies.
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