Canaccord Genuity Trims Total Energy Services (TSE:TOT) Target Price to C$15.50

Total Energy Services (TSE:TOT) had its price objective dropped by research analysts at Canaccord Genuity from C$17.00 to C$15.50 in a research note issued on Tuesday, October 16th. Canaccord Genuity’s target price would suggest a potential upside of 56.57% from the stock’s previous close.

Several other brokerages have also issued reports on TOT. TD Securities increased their price target on Total Energy Services from C$17.00 to C$17.50 and gave the stock a “buy” rating in a report on Monday, August 13th. BMO Capital Markets dropped their target price on Total Energy Services from C$16.00 to C$13.00 in a report on Monday, August 13th. Finally, CIBC dropped their target price on Total Energy Services from C$16.00 to C$14.00 in a report on Friday, July 20th.

Shares of TOT stock traded up C$0.22 on Tuesday, hitting C$9.90. The company had a trading volume of 83,400 shares, compared to its average volume of 30,282. The company has a debt-to-equity ratio of 54.78, a current ratio of 1.68 and a quick ratio of 1.01. Total Energy Services has a twelve month low of C$9.17 and a twelve month high of C$15.44.

Total Energy Services (TSE:TOT) last announced its earnings results on Thursday, August 9th. The company reported C$0.08 EPS for the quarter, beating the consensus estimate of C($0.08) by C$0.16. The business had revenue of C$193.82 million for the quarter, compared to the consensus estimate of C$167.97 million. Research analysts expect that Total Energy Services will post 0.809999951466945 earnings per share for the current year.

In other news, Director Daniel Kim Halyk bought 5,000 shares of the firm’s stock in a transaction on Friday, September 14th. The stock was acquired at an average cost of C$11.70 per share, with a total value of C$58,500.00. Also, insider Total Energy Services Inc bought 24,813 shares of the firm’s stock in a transaction on Thursday, October 11th. The stock was purchased at an average cost of C$10.75 per share, with a total value of C$266,739.75. Insiders have purchased 118,163 shares of company stock valued at $1,354,568 over the last ninety days.

About Total Energy Services

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 Services. 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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