Today: Research Analysts Set Expectations for Savanna Energy Services Corp.’s FY2016 Earnings (SVY)

Today: Research Analysts Set Expectations for Savanna Energy Services Corp.’s FY2016 Earnings (SVY)

Savanna Energy Services Corp. (TSE:SVY) – Stock analysts at Cormark raised their FY2016 earnings per share (EPS) estimates for Savanna Energy Services Corp. in a research note issued to investors on Wednesday. Cormark analyst J. Zhang now anticipates 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.

Other equities analysts also recently issued research reports about the stock. 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. GMP Securities raised shares of Savanna Energy Services Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, November 23rd. Finally, Scotiabank raised their price target on shares of Savanna Energy Services Corp. from C$2.50 to C$3.00 and gave the company an “outperform” rating in a report on Thursday, November 10th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of C$2.62.

Shares of Savanna Energy Services Corp. (TSE:SVY) opened at 1.54 on Monday. The stock’s market capitalization is $139.06 million. Savanna Energy Services Corp. has a 12 month low of $0.97 and a 12 month high of $1.98. The company has a 50-day moving average of $1.43 and a 200-day moving average of $1.49.

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