Savanna Energy Services Corp. (TSE:SVY) had its target price reduced by analysts at Raymond James Financial Inc. from C$3.75 to C$3.50 in a note issued to investors on Friday. Raymond James Financial Inc.’s price target would suggest a potential upside of 139.73% from the company’s current price.

Other analysts have also issued reports about the stock. TD Securities lowered their price target 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 reiterated an “outperform” rating on shares of Savanna Energy Services Corp. in a research report on Tuesday, June 21st. Finally, Scotiabank reiterated a “sector perform” rating and issued a C$2.50 price target on shares of Savanna Energy Services Corp. in a research report on Friday, August 5th. Two 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 has a consensus rating of “Buy” and a consensus target price of C$2.60.

Analyst Recommendations for Savanna Energy Services Corp. (TSE:SVY)

Shares of Savanna Energy Services Corp. (TSE:SVY) traded down 1.37% during mid-day trading on Friday, reaching $1.44. The company’s stock had a trading volume of 33,420 shares. The company’s market capitalization is $130.03 million. Savanna Energy Services Corp. has a 1-year low of $0.97 and a 1-year high of $1.98. The firm’s 50 day moving average price is $1.38 and its 200-day moving average price is $1.51.

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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