Savanna Energy Services Corp. (SVY) Price Target Cut to C$3.50 by Analysts at Raymond James Financial Inc.
Savanna Energy Services Corp. (TSE:SVY) had its target price decreased by stock analysts at Raymond James Financial Inc. from C$3.75 to C$3.50 in a research report issued to clients and investors on Friday, StockTargetPrices.com reports. Raymond James Financial Inc.’s price target points to a potential upside of 139.73% from the company’s current price.
A number of other research firms have also commented on SVY. AltaCorp Capital reaffirmed an “outperform” rating on shares of Savanna Energy Services Corp. in a research note on Tuesday, June 21st. TD Securities cut their price objective on Savanna Energy Services Corp. from C$2.25 to C$2.00 and set a “buy” rating on the stock in a research note on Thursday, August 4th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a C$2.50 price objective on shares of Savanna Energy Services Corp. in a research note on Friday, August 5th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Savanna Energy Services Corp. currently has a consensus rating of “Buy” and a consensus target price of C$2.60.
Savanna Energy Services Corp. (TSE:SVY) traded down 1.37% during midday trading on Friday, hitting $1.44. The stock had a trading volume of 33,420 shares. The stock’s 50-day moving average is $1.38 and its 200-day moving average is $1.51. Savanna Energy Services Corp. has a 1-year low of $0.97 and a 1-year high of $1.98. The stock’s market capitalization is $130.03 million.
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Savanna Energy Services Corp. Company Profile
Savanna Energy Services Corp. (Savanna) is a drilling, well servicing and oilfield rentals company. The Company operates through three segments: corporate, services and drilling. The corporate segment provides management and administrative services to its subsidiaries and their respective operations.
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