Canaccord Genuity Cuts Total Energy Services Inc. (TOT) Price Target to C$16.00
Total Energy Services Inc. (TSE:TOT) had its target price lowered by research analysts at Canaccord Genuity from C$16.25 to C$16.00 in a research note issued to investors on Thursday. Canaccord Genuity’s target price points to a potential upside of 22.32% from the stock’s current price.
A number of other research firms have also issued reports on TOT. AltaCorp Capital reissued an “outperform” rating on shares of Total Energy Services in a report on Monday, August 15th. TD Securities reissued a “hold” rating and issued a C$14.00 target price on shares of Total Energy Services in a report on Thursday, August 11th.
Shares of Total Energy Services (TSE:TOT) traded up 1.22% on Thursday, hitting $13.24. The stock had a trading volume of 9,898 shares. The firm has a 50 day moving average of $13.02 and a 200 day moving average of $12.98. The stock’s market cap is $410.11 million. Total Energy Services has a 12 month low of $11.07 and a 12 month high of $16.92.
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In other Total Energy Services news, insider Total Energy Services Inc acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The shares were purchased at an average price of C$12.82 per share, with a total value of C$128,200.00.
About Total Energy Services
Total Energy Services Inc is a Canada-based energy services company. Through its operating divisions, wholly owned subsidiaries and limited partnerships, the Company is engaged in three businesses: contract drilling services (Chinook Drilling or Chinook), the rental and transportation of equipment used in the drilling, completion and production of oil and natural gas wells (Total Oilfield Rentals) and the fabrication, sale, rental and servicing of new and used natural gas compression (Bidell) and process equipment (Spectrum).
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