Savanna Energy Services Corp. (TSE:SVY) – Equities research analysts at Cormark upped their FY2016 earnings per share (EPS) estimates for shares of Savanna Energy Services Corp. in a report released on Thursday. Cormark analyst J. Zhang now expects that the firm will post earnings of ($0.49) per share for the year, up from their prior forecast of ($0.52). Cormark also issued estimates for Savanna Energy Services Corp.’s Q4 2016 earnings at ($0.13) EPS, Q1 2017 earnings at ($0.09) EPS, Q2 2017 earnings at ($0.13) EPS, Q3 2017 earnings at ($0.10) EPS, Q4 2017 earnings at ($0.05) EPS, FY2017 earnings at ($0.36) EPS and FY2018 earnings at ($0.03) EPS.

A number of other research firms also recently weighed in on SVY. Scotiabank reissued a “sector perform” rating and set a C$2.50 price target on shares of Savanna Energy Services Corp. in a research note on Friday, August 5th. TD Securities dropped their price target on shares of Savanna Energy Services Corp. from C$2.25 to C$2.00 and set a “buy” rating for the company in a research note on Thursday, August 4th. Finally, Raymond James Financial Inc. dropped 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 equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently 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 1.42 on Monday. The firm’s 50-day moving average price is $1.39 and its 200 day moving average price is $1.50. Savanna Energy Services Corp. has a 12-month low of $0.97 and a 12-month high of $1.98. The stock’s market cap is $128.23 million.

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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