Total Energy Services Rating Reiterated by CIBC (TOT)
Total Energy Services (TSE:TOT)‘s stock had its “sector perform” rating restated by analysts at CIBC in a research report issued to clients and investors on Friday. They currently have a C$27.50 target price on the stock, up from their previous target price of C$26.50. CIBC’s target price indicates a potential upside of 23.60% from the stock’s previous close.
A number of other firms have also recently commented on TOT. Analysts at Scotiabank raised their price target on shares of Total Energy Services from C$28.00 to C$30.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Paradigm Capital raised their price target on shares of Total Energy Services from C$23.50 to C$24.50 in a research note on Thursday. They now have a “hold” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Total Energy Services from C$23.00 to C$25.00 in a research note on Thursday. They now have a “sector perform” rating on the stock. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of C$26.13.
Shares of Total Energy Services (TSE:TOT) opened at 21.75 on Friday. Total Energy Services has a 52 week low of $15.68 and a 52 week high of $24.00. The stock has a 50-day moving average of $22.48 and a 200-day moving average of $21.32. The company has a market cap of $679.3 million and a P/E ratio of 16.98.
Total Energy Services (TSE:TOT) last released its earnings data on Thursday, August 14th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.16. On average, analysts predict that Total Energy Services will post $1.71 earnings per share for the current fiscal year.
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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