Cormark Equities Analysts Reduce Earnings Estimates for Total Energy Services Inc (TOT)

Total Energy Services Inc (TSE:TOT) – Equities researchers at Cormark lowered their Q2 2018 EPS estimates for Total Energy Services in a research note issued to investors on Monday. Cormark analyst J. Zhang now forecasts that the company will earn ($0.06) per share for the quarter, down from their prior estimate of ($0.04). Cormark also issued estimates for Total Energy Services’ FY2019 earnings at $0.65 EPS.

A number of other equities analysts have also recently weighed in on TOT. TD Securities raised shares of Total Energy Services from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$18.00 to C$19.00 in a research report on Friday, February 2nd. BMO Capital Markets reduced their price target on shares of Total Energy Services from C$17.00 to C$16.00 in a research report on Monday. Finally, CIBC lifted their price target on shares of Total Energy Services from C$17.50 to C$18.50 in a research report on Tuesday, January 23rd.

Total Energy Services (TSE TOT) opened at C$12.53 on Wednesday. The firm has a market cap of $583.07, a price-to-earnings ratio of -179.00 and a beta of 0.33. Total Energy Services has a 52-week low of C$11.24 and a 52-week high of C$15.47.

In other Total Energy Services news, Director Glenn Orval James Dagenais purchased 8,000 shares of the business’s stock in a transaction on Monday, December 18th. The shares were purchased 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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