Savanna Energy Services Corp. (TSE:SVY) – Investment analysts at National Bank Financial reduced their FY2016 EPS estimates for Savanna Energy Services Corp. in a research report issued to clients and investors on Tuesday. National Bank Financial analyst G. Colman now anticipates that the brokerage will post earnings per share of ($0.44) for the year, down from their prior forecast of ($0.30). National Bank Financial also issued estimates for Savanna Energy Services Corp.’s Q4 2016 earnings at ($0.01) EPS and FY2017 earnings at $0.04 EPS.

Several other analysts have also recently commented on SVY. TD Securities decreased 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 note on Thursday, August 4th. Scotiabank increased their price target on shares of Savanna Energy Services Corp. from C$2.50 to C$3.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Raymond James Financial Inc. decreased their price target on shares of Savanna Energy Services Corp. from C$3.75 to C$3.50 in a research note on Friday, October 7th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$2.62.

Earnings History and Estimates for Savanna Energy Services Corp. (TSE:SVY)

Savanna Energy Services Corp. (TSE:SVY) opened at 1.37 on Friday. Savanna Energy Services Corp. has a 12-month low of $0.97 and a 12-month high of $1.98. The stock’s market capitalization is $126.32 million. The stock’s 50 day moving average is $1.39 and its 200 day moving average is $1.51.

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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