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Savanna Energy Services Corp. (TSE:SVY) target price lowered to $3.50, issued a report today by Raymond James

Yesterday Savanna Energy Services Corp. (TSE:SVY) traded -1.37% lower at $1.45. The company’s 50-day moving average is $1.38 and its 200-day moving average is $1.51. The last stock close price is down -4.71% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 179,320 shares of the stock were exchanged, up from an average trading volume of 47,497

Savanna Energy Services Corp. (TSE:SVY) had its target price dropped to $3.50 by Raymond James in an issued report announced 10/07/2016. The new stock price target indicates a possible upside of 1.41% based on the company's last stock close price.

Previously on 8/04/2016, TD Securities reported about Savanna Energy Services Corp. (TSE:SVY) lowered the target price from $2.25 to $2.00. At the time, this indicated a possible upside of 0.30%.

See Chart Below

Savanna Energy Services Corp. (TSE:SVY)

Savanna Energy Services Corp. has a 52 week low of $0.97 and a 52 week high of $1.98 The company’s market cap is currently $0.

In addition to Raymond James reporting its target price, a total of 9 firms have reported on the stock. The consensus target price is $1.91 with 1 firm rating the stock a strong buy, 6 firms rating the stock a buy, 2 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Savanna Energy Services Corp. (TSE:SVY)

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. The services segment provides well servicing services and rental equipment to the oil and gas industry. The drilling segment provides contract drilling services to the oil and gas industry. Its business is conducted through two divisions: contract drilling and oilfield services. Its drilling services include Hybrid, Top Drive Single, Telescopic Double and Velox Triple. Its oilfield services include Well Servicing, Oilfield Rentals and Savanna Trucking Services. Savanna Well Servicing provides service in oil and gas exploration and well preparation and well maintenance across Alberta, Saskatchewan, British Columbia and Manitoba. It operates in Canada, the United States and Australia.

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