Total Energy Services (TOT) Upgraded to “Buy” at TD Securities

Total Energy Services (TSE:TOT) was upgraded by research analysts at TD Securities from a “hold” rating to a “buy” rating in a report released on Friday. The firm currently has a C$19.00 price objective on the stock, up from their prior price objective of C$18.00. TD Securities’ target price points to a potential upside of 36.89% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the stock. CIBC raised their price objective on shares of Total Energy Services from C$17.50 to C$18.50 in a research note on Tuesday, January 23rd. BMO Capital Markets raised their price objective on shares of Total Energy Services from C$14.00 to C$17.00 in a research note on Monday, November 13th. Finally, GMP Securities raised their price objective on shares of Total Energy Services from C$18.00 to C$20.00 in a research note on Monday, November 13th.

Shares of Total Energy Services (TSE:TOT) traded up C$0.02 on Friday, hitting C$13.88. 20,249 shares of the stock were exchanged, compared to its average volume of 22,874. Total Energy Services has a fifty-two week low of C$11.24 and a fifty-two week high of C$15.47. The stock has a market cap of $630.69, a PE ratio of -43.28 and a beta of 0.45.

Total Energy Services (TSE:TOT) last issued its quarterly earnings data on Wednesday, November 8th. The company reported C$0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.06 by C$0.03. Total Energy Services had a net margin of 2.02% and a return on equity of 3.17%.

In related news, Director Bruce Lawrence Pachkowski acquired 2,500 shares of the stock in a transaction dated Tuesday, November 14th. The stock was bought at an average cost of C$15.00 per share, with a total value of C$37,500.00. Also, Director Glenn Orval James Dagenais acquired 8,000 shares of the stock in a transaction dated Monday, December 18th. The shares were bought at an average cost of C$14.14 per share, with a total value of C$113,120.00. Insiders acquired a total of 12,000 shares of company stock valued at $172,340 over the last ninety days.

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Total Energy Services Company Profile

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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