Total Energy Services Inc (TSE:TOT) Stock Rating Upgraded by BMO Capital Markets
Total Energy Services Inc (TSE:TOT) was upgraded by research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday. The firm presently has a C$68.00 price target on the stock, up from their previous price target of C$36.00. BMO Capital Markets’ target price suggests a potential upside of 456.46% from the stock’s current price.
Several other research analysts also recently commented on TOT. CIBC upgraded Total Energy Services from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 18th. Canaccord Genuity reduced their target price on Total Energy Services from C$17.50 to C$16.00 in a research note on Tuesday, July 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of C$26.30.
Shares of Total Energy Services (TSE TOT) traded down 1.31% during midday trading on Tuesday, hitting $12.06. The company had a trading volume of 28,037 shares. The firm’s market capitalization is $529.31 million. Total Energy Services has a 12-month low of $11.58 and a 12-month high of $16.00. The firm’s 50-day moving average is $12.60 and its 200-day moving average is $13.64.
COPYRIGHT VIOLATION WARNING: This article was first posted by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/08/08/total-energy-services-inc-tsetot-stock-rating-upgraded-by-bmo-capital-markets.html.
In other news, insider William John George Kosich purchased 22,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The stock was acquired at an average cost of C$13.33 per share, with a total value of C$299,925.00. Also, Director Randy Kwasnicia purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The shares were purchased at an average cost of C$12.48 per share, with a total value of C$31,200.00. Over the last three months, insiders have purchased 31,640 shares of company stock valued at $413,749.
About Total Energy Services
Total Energy Services Inc operates as an energy services company in Canada. It operates through three segments: Contract Drilling Services, Rentals and Transportation Services, and Compression and Process Services. The Contract Drilling Services segment offers contract drilling equipment and services, as well as operates a fleet of 18 rigs in Canada.
Receive News & Ratings for Total Energy Services Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total Energy Services Inc and related companies with MarketBeat.com's FREE daily email newsletter.