Shore Capital Reiterates “Buy” Rating for Savannah Petroleum (LON:SAVP)

Savannah Petroleum (LON:SAVP)‘s stock had its “buy” rating restated by equities researchers at Shore Capital in a note issued to investors on Monday, February 4th.

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

Shares of LON:SAVP traded down GBX 0.20 ($0.00) during midday trading on Monday, hitting GBX 26.80 ($0.35). The stock had a trading volume of 1,436,694 shares, compared to its average volume of 876,753. Savannah Petroleum has a fifty-two week low of GBX 26.50 ($0.35) and a fifty-two week high of GBX 44.25 ($0.58).

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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