Savanna Energy (SVY) Declares Jun 13 Dividend of $0.03

Savanna Energy (TSE:SVY) declared a jun 13 dividend on Monday, June 10th, AnalystRatingsNetwork reports. Shareholders of record on Friday, June 28th will be given a dividend of $0.03 per share on Monday, July 15th.

A number of research firms have also recently commented on SVY. Analysts at CIBC raised their price target on shares of Savanna Energy from C$8.25 to C$8.50 in a research note to investors on Monday. On a related note, analysts at TD Securities downgraded shares of Savanna Energy from a “buy” rating to a “hold” rating in a research note to investors on Friday, May 31st. They now have a C$8.00 price target on the stock, down previously from C$8.50. Finally, analysts at Scotiabank cut their price target on shares of Savanna Energy from C$9.00 to C$8.25 in a research note to investors on Wednesday, March 20th.

Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Savanna Energy presently has a consensus rating of “Buy” and a consensus price target of C$8.79.

Savanna Energy (TSE: SVY) opened at 6.91 on Tuesday. Savanna Energy has a 1-year low of $6.30 and a 1-year high of $8.20. The stock’s 50-day moving average is currently $7.02. The company has a market cap of $597.0 million and a price-to-earnings ratio of 19.74.

Savanna Energy Services Corp. (TSE: SVY) is an oilfield services provider.

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