Savanna Energy Services Corp. (TSE:SVY) – Equities research analysts at Cormark upped their FY2016 earnings per share estimates for Savanna Energy Services Corp. in a research report issued to clients and investors on Wednesday. Cormark analyst J. Zhang now expects that the brokerage will post earnings of ($0.42) per share for the year, up from their prior estimate of ($0.49). Cormark also issued estimates for Savanna Energy Services Corp.’s Q4 2016 earnings at ($0.11) EPS, Q1 2017 earnings at ($0.06) EPS, Q2 2017 earnings at ($0.10) EPS, Q3 2017 earnings at ($0.07) EPS, Q4 2017 earnings at ($0.03) EPS, FY2017 earnings at ($0.26) EPS and FY2018 earnings at $0.00 EPS.

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

SVY has been the topic of several other reports. GMP Securities upgraded Savanna Energy Services Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, November 23rd. Raymond James Financial Inc. lowered their target price on Savanna Energy Services Corp. from C$3.75 to C$3.50 in a research report on Friday, October 7th. Scotiabank reiterated a “sector perform” rating and set a C$2.50 target price on shares of Savanna Energy Services Corp. in a research report on Friday, August 5th. Finally, TD Securities lowered 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 report on Wednesday, November 9th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$2.62.

Savanna Energy Services Corp. (TSE:SVY) opened at 1.54 on Monday. The company’s market capitalization is $139.06 million. Savanna Energy Services Corp. has a 52-week low of $0.97 and a 52-week high of $1.98. The company’s 50-day moving average price is $1.43 and its 200 day moving average price is $1.49.

COPYRIGHT VIOLATION NOTICE: This article was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2016/11/28/research-analysts-set-expectations-for-savanna-energy-services-corp-s-fy2016-earnings-svy.html.

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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