Savanna Energy Services Corp. (TSE:SVY) had its target price boosted by investment analysts at Scotiabank from C$2.50 to C$3.00 in a research report issued to clients and investors on Thursday. The firm currently has an “outperform” rating on the stock. Scotiabank’s price target would suggest a potential upside of 118.98% from the company’s previous close.

SVY has been the topic of a number of other research reports. Raymond James Financial Inc. cut their target price on shares of Savanna Energy Services Corp. from C$3.75 to C$3.50 in a research note on Friday, October 7th. TD Securities cut their target price on shares of Savanna Energy Services Corp. from C$2.00 to C$1.75 and set a “buy” rating on the stock in a research note on Wednesday, November 9th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Savanna Energy Services Corp. currently has an average rating of “Buy” and an average target price of C$2.62.

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

Savanna Energy Services Corp. (TSE:SVY) opened at 1.37 on Thursday. The firm has a 50-day moving average of $1.39 and a 200 day moving average of $1.51. Savanna Energy Services Corp. has a 1-year low of $0.97 and a 1-year high of $1.98. The firm’s market cap is $126.32 million.

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.

Receive News & Stock Ratings for Savanna Energy Services Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Savanna Energy Services Corp. and related stocks with our FREE daily email newsletter.