Savanna Energy Services Corp. Receives Average Rating of “Buy” from Analysts (TSE:SVY)
Shares of Savanna Energy Services Corp. (TSE:SVY) have been given a consensus recommendation of “Buy” by the eight ratings firms that are presently covering the stock, ARN reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$9.50.
Shares of Savanna Energy Services Corp. (TSE:SVY) opened at 8.12 on Friday. Savanna Energy Services Corp. has a 52 week low of $7.215 and a 52 week high of $9.31. The stock has a 50-day moving average of $8.24 and a 200-day moving average of $8.15. The company has a market cap of $726.7 million and a price-to-earnings ratio of 33.54.
Savanna Energy Services Corp. (TSE:SVY) last released its earnings data on Thursday, August 7th. The company reported ($0.13) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.08) by $0.05. Analysts expect that Savanna Energy Services Corp. will post $0.36 EPS for the current fiscal year.
The company also recently announced a jul 14 dividend, which is scheduled for Friday, August 15th. Investors 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, August 7th. 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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