Savanna Energy Services Corp. (SVY) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Savanna Energy Services Corp. (TSE:SVY) have been given an average rating of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$2.99.
Several equities research analysts recently commented on SVY shares. Scotiabank reiterated a “tender” rating and issued a C$3.00 price objective on shares of Savanna Energy Services Corp. in a research report on Tuesday, March 14th. CIBC lowered shares of Savanna Energy Services Corp. from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 4th.
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In other news, insider Total Energy Services Inc bought 299,500 shares of Savanna Energy Services Corp. stock in a transaction on Friday, April 21st. The shares were bought at an average cost of C$2.00 per share, for a total transaction of C$599,000.00. Also, Director Christopher Davis Strong sold 112,500 shares of the company’s stock in a transaction dated Friday, March 31st. The shares were sold at an average price of C$1.93, for a total transaction of C$217,125.00. Over the last 90 days, insiders acquired 1,251,000 shares of company stock worth $2,449,655.
Savanna Energy Services Corp. (TSE:SVY) traded up 2.17% during mid-day trading on Tuesday, hitting $1.88. 8,145 shares of the stock were exchanged. The firm’s market cap is $222.59 million. Savanna Energy Services Corp. has a 52-week low of $1.22 and a 52-week high of $2.24. The company has a 50 day moving average price of $1.93 and a 200 day moving average price of $1.98.
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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