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Investment analysts at CIBC upped their price objective on shares of Total Energy Services (TSE:TOT) from C$19.50 to C$21.00 in a note issued to investors on Monday, AnalystRatingsNetwork reports. CIBC’s price objective suggests a potential upside of 3.70% from the stock’s previous close.

Total Energy Services (TSE:TOT) traded down 0.05% on Monday, hitting $20.24. 11,316 shares of the company’s stock traded hands. Total Energy Services has a 1-year low of $13.13 and a 1-year high of $20.83. The stock’s 50-day moving average is $19.89 and its 200-day moving average is $17.69. The company has a market cap of $629.3 million and a P/E ratio of 16.60.

A number of other firms have also recently commented on TOT. Analysts at Canaccord Genuity initiated coverage on shares of Total Energy Services in a research note to investors on Tuesday, January 7th. They set a “buy” rating and a C$24.00 price target on the stock. Separately, analysts at RBC Capital 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 Tuesday, November 26th. They now have a “sector perform” rating on the stock. Finally, analysts at TD Securities downgraded shares of Total Energy Services from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, November 5th. They now have a C$20.00 price target on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of C$21.71.

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.

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