Total Energy Services Inc (TOT) Given New C$16.00 Price Target at Canaccord Genuity
Total Energy Services Inc (TSE:TOT) had its price target dropped by analysts at Canaccord Genuity from C$17.50 to C$16.00 in a report issued on Tuesday. Canaccord Genuity’s target price indicates a potential upside of 28.21% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the stock. Scotiabank reissued an “outperform” rating and issued a C$16.50 target price on shares of Total Energy Services in a research note on Tuesday, March 14th. CIBC raised shares of Total Energy Services from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 18th.
Total Energy Services (TSE TOT) traded up 0.88% during mid-day trading on Tuesday, hitting $12.59. 5,960 shares of the stock were exchanged. The company has a 50-day moving average of $13.35 and a 200-day moving average of $14.01. The stock’s market capitalization is $552.58 million. Total Energy Services has a 52 week low of $12.05 and a 52 week high of $16.00.
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In other Total Energy Services news, Director Randy Kwasnicia acquired 2,500 shares of the firm’s stock in a transaction on Tuesday, June 20th. The stock was acquired at an average cost of C$12.48 per share, for a total transaction of C$31,200.00. Also, Director Bruce Lawrence Pachkowski acquired 4,000 shares of the firm’s stock in a transaction on Wednesday, June 21st. The shares were acquired at an average price of C$12.34 per share, with a total value of C$49,360.00. Over the last 90 days, insiders have acquired 31,640 shares of company stock valued at $413,749.
About Total Energy Services
Total Energy Services Inc is a Canada-based energy services company. The Company through operating divisions, wholly-owned subsidiaries and limited partnerships is involved in three business areas: contract drilling services (Chinook Drilling), rentals and transportation services (Total Oilfield Rentals); and the fabrication, sale, rental and servicing of new and used equipment for both oil and gas processing (Spectrum Process Systems) and gas compression (Bidell Gas Compression).
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