Canaccord Genuity Trims Total Energy Services Inc. (TOT) Target Price to C$16.00
Total Energy Services Inc. (TSE:TOT) had its target price lowered by investment analysts at Canaccord Genuity from C$16.25 to C$16.00 in a note issued to investors on Thursday. Canaccord Genuity’s price objective points to a potential upside of 22.32% from the stock’s current price.
TOT has been the topic of several other reports. TD Securities restated a “hold” rating and set a C$14.00 price objective on shares of Total Energy Services in a research note on Thursday, August 11th. AltaCorp Capital restated an “outperform” rating on shares of Total Energy Services in a research note on Monday, August 15th.
Total Energy Services (TSE:TOT) traded up 1.30% during midday trading on Thursday, reaching $13.25. 10,098 shares of the company’s stock were exchanged. Total Energy Services has a 52 week low of $11.07 and a 52 week high of $16.92. The firm has a 50-day moving average price of $13.02 and a 200 day moving average price of $12.98. The company’s market cap is $410.42 million.
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In related news, insider Total Energy Services Inc purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 8th. The shares were acquired at an average price of C$12.82 per share, for a total transaction 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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