Total Energy Services (TSE:TOT) PT Raised to C$8.25 at ATB Capital

Total Energy Services (TSE:TOT) had its price target upped by research analysts at ATB Capital from C$8.00 to C$8.25 in a research report issued on Tuesday, Analyst Ratings Network reports. The firm presently has a “na” rating on the stock. ATB Capital’s price objective would indicate a potential upside of 56.55% from the stock’s current price.

A number of other equities analysts have also recently commented on the stock. Canaccord Genuity dropped their price objective on shares of Total Energy Services from C$6.50 to C$6.00 and set a “buy” rating for the company in a research note on Tuesday, August 24th. BMO Capital Markets lowered their target price on shares of Total Energy Services to C$5.00 in a report on Thursday, August 12th. Three research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$6.42.

TOT opened at C$5.27 on Tuesday. The company has a current ratio of 2.72, a quick ratio of 1.39 and a debt-to-equity ratio of 44.06. Total Energy Services has a 1-year low of C$1.95 and a 1-year high of C$5.30. The company has a market capitalization of C$231.88 million and a PE ratio of -18.75. The firm’s 50 day simple moving average is C$4.29 and its two-hundred day simple moving average is C$4.21.

Total Energy Services (TSE:TOT) last announced its quarterly earnings data on Wednesday, August 11th. The company reported C($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C($0.22) by C$0.17. The firm had revenue of C$84.88 million during the quarter, compared to analysts’ expectations of C$85.50 million. Equities analysts forecast that Total Energy Services will post -0.2 earnings per share for the current fiscal year.

In other Total Energy Services news, insider Total Energy Services Inc bought 131,200 shares of the business’s stock in a transaction on Thursday, July 29th. The shares were acquired at an average price of C$4.41 per share, with a total value of C$579,182.40. Following the transaction, the insider now owns 179,000 shares of the company’s stock, valued at approximately C$790,195.50. Insiders have acquired a total of 592,800 shares of company stock worth $2,499,962 in the last three months.

Total Energy Services Company Profile

Total Energy Services Inc provides various products and services to the oil and natural gas industry primarily in Canada, the United States, and Australia. It operates through four segments: Contract Drilling Services, Rentals and Transportation Services, Compression and Process Services and Well Servicing.

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