Total Energy Services (TSE:TOT) Rating Lowered to Sector Perform at AltaCorp Capital
AltaCorp Capital downgraded shares of Total Energy Services (TSE:TOT) from an outperform rating to a sector perform rating in a research note published on Wednesday, BayStreet.CA reports. They currently have C$7.75 target price on the stock, down from their previous target price of C$11.50.
TOT has been the topic of a number of other research reports. Canaccord Genuity decreased their price objective on shares of Total Energy Services from C$12.00 to C$9.00 in a report on Friday, August 9th. CIBC decreased their price objective on shares of Total Energy Services from C$11.50 to C$10.50 in a report on Monday, August 12th. BMO Capital Markets decreased their price objective on shares of Total Energy Services from C$11.00 to C$8.50 in a report on Friday, August 9th. Finally, TD Securities decreased their price objective on shares of Total Energy Services from C$9.00 to C$8.50 and set a hold rating on the stock in a report on Friday, August 9th.
TOT stock opened at C$6.25 on Wednesday. The company has a market cap of $277.55 million and a P/E ratio of 11.10. Total Energy Services has a 52 week low of C$5.85 and a 52 week high of C$12.80. The company’s 50-day moving average price is C$7.46 and its 200 day moving average price is C$8.98. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 52.84.
Total Energy Services Company Profile
Total Energy Services Inc provides diversified energy services. It operates through four segments: Contract Drilling Services; Rentals and Transportation Services; Compression and Process Services; and Well Servicing. The Contract Drilling Services segment offers contract drilling services to oil and gas exploration and development companies in the United States and Australia.
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