Savanna Energy Services Corp. (SVY) PT Lowered to C$3.50 at Raymond James Financial Inc.
Savanna Energy Services Corp. (TSE:SVY) had its price target cut by research 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 objective points to a potential upside of 139.73% from the stock’s current price.
Other research analysts also recently issued reports about the stock. TD Securities dropped their target price on shares of Savanna Energy Services Corp. from C$2.25 to C$2.00 and set a “buy” rating on the stock in a research report on Thursday, August 4th. AltaCorp Capital reissued an “outperform” rating on shares of Savanna Energy Services Corp. in a research report on Tuesday, June 21st. Finally, Scotiabank reissued a “sector perform” rating and issued a C$2.50 target price on shares of Savanna Energy Services Corp. in a research report on Friday, August 5th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of C$2.60.
Shares of Savanna Energy Services Corp. (TSE:SVY) traded down 1.37% during trading on Friday, hitting $1.44. 33,420 shares of the stock were exchanged. Savanna Energy Services Corp. has a 12-month low of $0.97 and a 12-month high of $1.98. The stock’s 50 day moving average is $1.38 and its 200-day moving average is $1.51. The stock’s market cap is $130.03 million.
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About Savanna Energy Services Corp.
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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