Savannah Petroleum’s (SAVP) Buy Rating Reiterated at Shore Capital

Shore Capital reissued their buy rating on shares of Savannah Petroleum (LON:SAVP) in a research note released on Wednesday morning, ThisIsMoney.Co.Uk reports.

SAVP has been the topic of several other research reports. Mirabaud Securities reiterated a buy rating on shares of Savannah Petroleum in a research note on Wednesday, August 28th. Barclays lifted their price target on Savannah Petroleum from GBX 31 ($0.41) to GBX 37 ($0.49) and gave the company an overweight rating in a research note on Thursday, October 10th.

Shares of SAVP opened at GBX 21.50 ($0.28) on Wednesday. Savannah Petroleum has a 52-week low of GBX 11.60 ($0.15) and a 52-week high of GBX 32.90 ($0.43). The business’s fifty day moving average is GBX 23.66 and its 200-day moving average is GBX 20.18. The company has a debt-to-equity ratio of 8.01, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $214.23 million and a price-to-earnings ratio of -19.55.

About Savannah Petroleum

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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