Brokers Offer Predictions for Total Energy Services Inc’s Q1 2018 Earnings (TOT)

Total Energy Services Inc (TSE:TOT) – Research analysts at Cormark decreased their Q1 2018 earnings estimates for Total Energy Services in a research note issued on Monday. Cormark analyst J. Zhang now forecasts that the company will earn $0.11 per share for the quarter, down from their previous forecast of $0.16. Cormark also issued estimates for Total Energy Services’ Q3 2018 earnings at $0.13 EPS and FY2018 earnings at $0.41 EPS.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets dropped their price objective on Total Energy Services from C$17.00 to C$16.00 in a research report on Monday. TD Securities raised Total Energy Services from a “hold” rating to a “buy” rating and increased their price objective for the company from C$18.00 to C$19.00 in a research report on Friday, February 2nd. CIBC increased their price objective on Total Energy Services from C$17.50 to C$18.50 in a research report on Tuesday, January 23rd. Finally, GMP Securities increased their price objective on Total Energy Services from C$18.00 to C$20.00 in a research report on Monday, November 13th.

Shares of Total Energy Services (TSE TOT) opened at C$13.07 on Tuesday. Total Energy Services has a 12 month low of C$11.24 and a 12 month high of C$15.47. The company has a market capitalization of $613.58, a price-to-earnings ratio of -40.84 and a beta of 0.33.

In other Total Energy Services news, Director Glenn Orval James Dagenais acquired 8,000 shares of the company’s stock in a transaction that occurred on 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.

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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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