Savanna Energy Services Corp. (SVY) Lifted to “Buy” at GMP Securities
Savanna Energy Services Corp. (TSE:SVY) was upgraded by analysts at GMP Securities from a “hold” rating to a “buy” rating in a research note issued on Wednesday.
Several other equities analysts have also recently issued reports on the company. Scotiabank boosted their target price on 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, November 10th. TD Securities reduced their target price on 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. Finally, Raymond James Financial Inc. reduced their target price on Savanna Energy Services Corp. from C$3.75 to C$3.50 in a research note on Friday, October 7th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of C$2.62.
Shares of Savanna Energy Services Corp. (TSE:SVY) traded down 3.87% during midday trading on Wednesday, hitting $1.49. The stock had a trading volume of 722,072 shares. The stock’s market cap is $134.55 million. The stock’s 50-day moving average is $1.41 and its 200-day moving average is $1.49. Savanna Energy Services Corp. has a 12 month low of $0.97 and a 12 month high of $1.98.
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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