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.
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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