Savannah Petroleum (LON:SAVP) Receives Buy Rating from Shore Capital – XNewsPress

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Shore Capital reaffirmed their buy rating on shares of Savannah Petroleum (LON:SAVP) in a research note issued to investors on Wednesday, March 20th, ThisIsMoney.Co.Uk reports.

Separately, Barclays dropped their price objective on shares of Savannah Petroleum from GBX 43 ($0.56) to GBX 38 ($0.50) and set an overweight rating on the stock in a report on Thursday, January 10th.

SAVP traded up GBX 0.05 ($0.00) during mid-day trading on Wednesday, hitting GBX 23.50 ($0.31). The stock had a trading volume of 272,655 shares, compared to its average volume of 876,753. The company has a debt-to-equity ratio of 5.18, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a market cap of $206.75 million and a PE ratio of -2.80. Savannah Petroleum has a 1-year low of GBX 22.80 ($0.30) and a 1-year high of GBX 35 ($0.46).

Savannah Petroleum Company Profile

Savannah Petroleum Plc, an oil and gas company, engages in the exploration of hydrocarbons in the Republic of Niger. The company’s principal assets are the R1/R2 and R3/R4 PSC that cover an area of 13,655 km2 located in the Agadem rift basin in South East Niger. Savannah Petroleum Plc was incorporated in 2014 and is based in London, the United Kingdom.

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