Savanna Energy Services Corp. Receives Consensus Rating of “Buy” from Brokerages (TSE:SVY)
Savanna Energy Services Corp. (TSE:SVY) has been given a consensus rating of “Buy” by the eight brokerages that are covering the company, American Banking News reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$9.50.
Shares of Savanna Energy Services Corp. (TSE:SVY) traded down 0.38% on Friday, hitting $7.95. 48,610 shares of the company’s stock traded hands. Savanna Energy Services Corp. has a one year low of $7.215 and a one year high of $9.31. The stock has a 50-day moving average of $8.29 and a 200-day moving average of $8.15. The company has a market cap of $708.3 million and a price-to-earnings ratio of 33.25.
Savanna Energy Services Corp. (TSE:SVY) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.13) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.08) by $0.05. Analysts expect that Savanna Energy Services Corp. will post $0.37 EPS for the current fiscal year.
The company also recently announced a jul 14 dividend, which is scheduled for Friday, August 15th. Stockholders of record on Thursday, July 31st will be paid a dividend of $0.03 per share. This represents a dividend yield of 4.39%. The ex-dividend date is Tuesday, July 29th.
Separately, analysts at Scotiabank downgraded shares of Savanna Energy Services Corp. from an “outperform” rating to a “sector perform” rating in a research note on Thursday. They now have a C$10.00 price target on the stock.
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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