CIBC Downgrades Total Energy Services to Sector Perform (TOT)
Total Energy Services (TSE:TOT) was downgraded by equities researchers at CIBC from an “outperform” rating to a “sector perform” rating in a research report issued on Tuesday, ARN reports. They currently have a C$19.50 target price on the stock, up from their previous target price of C$19.25. CIBC’s target price would suggest a potential upside of 7.14% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Total Energy Services in a research note to investors on Friday, September 13th. They now have a C$19.00 price target on the stock. Separately, analysts at TD Securities raised their price target on shares of Total Energy Services from C$19.00 to C$20.00 in a research note to investors on Thursday, September 12th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Total Energy Services has a consensus rating of “Buy” and an average price target of C$20.30.
Shares of Total Energy Services (TSE:TOT) traded up 0.11% on Tuesday, hitting $18.20. 290,114 shares of the company’s stock traded hands. Total Energy Services has a 1-year low of $13.12 and a 1-year high of $18.39. The stock has a 50-day moving average of $16.12 and a 200-day moving average of $14.79. The company has a market cap of $565.7 million and a P/E ratio of 14.90.
Total Energy Services Incis an energy service company. It is engaged in providing contract drilling services, rental and transportation of equipment used in oil and natural gas drilling, completion and production processes and the fabrication, sale, rental and servicing of natural gas compression equipment to oil and gas exploration and production companies located primarily in western Canada.