Savanna Energy Services Corp. (SVY) Receives Average Rating of “Hold” from Brokerages
Shares of Savanna Energy Services Corp. (TSE:SVY) have received an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$2.99.
A number of research firms have commented on SVY. Scotiabank reaffirmed a “tender” rating and set a C$3.00 target price on shares of Savanna Energy Services Corp. in a report on Tuesday, March 14th. CIBC downgraded Savanna Energy Services Corp. from an “outperform” rating to a “neutral” rating in a report on Tuesday, April 4th.
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Shares of Savanna Energy Services Corp. (TSE:SVY) traded down 1.01% during midday trading on Friday, reaching $1.96. The company’s stock had a trading volume of 3,700 shares. The firm’s market capitalization is $232.06 million. The company’s 50-day moving average price is $1.96 and its 200 day moving average price is $1.94. Savanna Energy Services Corp. has a 1-year low of $1.22 and a 1-year high of $2.24.
In related news, Director Christopher Davis Strong sold 112,500 shares of the firm’s stock in a transaction that occurred on Friday, March 31st. The stock was sold at an average price of C$1.93, for a total value of C$217,125.00. Also, insider Total Energy Services Inc purchased 200,000 shares of the business’s stock in a transaction that occurred on Monday, March 27th. The stock was bought at an average cost of C$1.96 per share, for a total transaction of C$392,000.00. In the last three months, insiders purchased 1,500,000 shares of company stock worth $2,935,735.
About Savanna Energy Services Corp.
Savanna Energy Services Corp (Savanna) is a Canada-based drilling, well servicing and oilfield rentals company. It 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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