Savanna Energy Services Corp. Price Target Cut to C$9.75 by Analysts at Raymond James (SVY)
Analysts at Raymond James reduced their price objective on shares of Savanna Energy Services Corp. (TSE:SVY) from C$10.00 to C$9.75 in a research report issued to clients and investors on Wednesday. Raymond James’ price target points to a potential upside of 22.64% from the company’s current price.
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. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of C$9.54.
Shares of Savanna Energy Services Corp. (TSE:SVY) traded up 0.13% on Wednesday, hitting $7.93. 36,559 shares of the company’s stock traded hands. Savanna Energy Services Corp. has a 52 week low of $7.23 and a 52 week high of $9.31. The stock’s 50-day moving average is $8.1 and its 200-day moving average is $8.15. The company has a market cap of $709.7 million and a P/E ratio of 39.60.
Savanna Energy Services Corp. (TSE:SVY) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by $0.05. On average, analysts predict that Savanna Energy Services Corp. will post $0.35 earnings per share for the current fiscal year.
The company also recently declared a aug 14 dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, August 27th.
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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