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.
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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