Total Energy Services (TSE:TOT) Given New C$8.00 Price Target at Canaccord Genuity

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Total Energy Services (TSE:TOT) had its price target raised by Canaccord Genuity from C$7.50 to C$8.00 in a report released on Tuesday, BayStreet.CA reports.

A number of other equities analysts have also recently commented on TOT. TD Securities decreased their price target on Total Energy Services from C$7.00 to C$6.50 and set a hold rating on the stock in a research note on Friday, November 8th. CIBC decreased their price target on Total Energy Services from C$10.50 to C$8.50 in a research note on Tuesday, October 15th. Finally, BMO Capital Markets decreased their price target on Total Energy Services from C$7.50 to C$7.00 in a research note on Friday, November 8th.

Shares of TSE TOT opened at C$6.00 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 0.93 and a debt-to-equity ratio of 56.16. The stock’s 50-day moving average is C$5.87 and its 200 day moving average is C$6.46. The stock has a market cap of $272.55 million and a price-to-earnings ratio of 25.97. Total Energy Services has a 1-year low of C$5.30 and a 1-year high of C$10.94.

Total Energy Services (TSE:TOT) last announced its quarterly earnings results on Thursday, November 7th. The company reported C($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of C$0.01 by C($0.15). The business had revenue of C$171.21 million during the quarter, compared to analyst estimates of C$191.50 million. On average, analysts forecast that Total Energy Services will post 0.01 EPS for the current fiscal year.

In other Total Energy Services news, insider Total Energy Services Inc bought 18,100 shares of Total Energy Services stock in a transaction dated Tuesday, October 29th. The shares were purchased at an average cost of C$6.52 per share, with a total value of C$118,097.07. Following the completion of the purchase, the insider now owns 28,100 shares of the company’s stock, valued at C$183,344.07. Also, Director Daniel Kim Halyk bought 5,000 shares of Total Energy Services stock in a transaction dated Monday, December 2nd. The shares were acquired at an average cost of C$5.40 per share, for a total transaction of C$27,000.00. Following the completion of the purchase, the director now directly owns 1,208,800 shares of the company’s stock, valued at approximately C$6,527,520. Insiders acquired a total of 204,630 shares of company stock worth $1,161,885 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 Servicing. The Contract Drilling Services segment offers contract drilling services to oil and gas exploration and development companies in the United States and Australia.

Further Reading: Cash Flow

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