Total Energy Services (TSE:TOT) Price Target Cut to C$7.00 by Analysts at BMO Capital Markets

Total Energy Services (TSE:TOT) had its price target decreased by investment analysts at BMO Capital Markets from C$7.50 to C$7.00 in a research note issued to investors on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 24.33% from the stock’s previous close.

A number of other research firms have also weighed in on TOT. TD Securities dropped their price objective on Total Energy Services from C$9.00 to C$8.50 and set a “hold” rating for the company in a research note on Friday, August 9th. Canaccord Genuity dropped their price objective on Total Energy Services from C$12.00 to C$9.00 in a research note on Friday, August 9th. CIBC dropped their price objective on Total Energy Services from C$10.50 to C$8.50 in a research note on Tuesday, October 15th. Finally, AltaCorp Capital lowered Total Energy Services from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$11.50 to C$7.75 in a research note on Wednesday, August 14th.

TSE:TOT traded down C$0.55 during mid-day trading on Friday, hitting C$5.63. 24,612 shares of the company traded hands, compared to its average volume of 29,935. The stock’s fifty day moving average price is C$6.38 and its 200-day moving average price is C$7.59. Total Energy Services has a one year low of C$5.57 and a one year high of C$11.00. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 52.84. The firm has a market cap of $282.61 million and a price-to-earnings ratio of 10.07.

Total Energy Services (TSE:TOT) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.07 earnings per share (EPS) for the quarter. The company had revenue of C$212.70 million for the quarter, compared to the consensus estimate of C$197.17 million. Equities analysts predict that Total Energy Services will post 0.29 EPS for the current year.

In other Total Energy Services news, insider Total Energy Services Inc acquired 5,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was purchased at an average price of C$6.25 per share, with a total value of C$31,242.00. Following the completion of the purchase, the insider now directly owns 21,300 shares in the company, valued at approximately C$133,090.92. In the last ninety days, insiders bought 112,830 shares of company stock valued at $720,271.

About Total Energy Services

Total Energy Services Inc provides diversified energy services. It operates through four segments: Contract Drilling Services; Rentals and Transportation Services; Compression and Process Services; and Well Servicing. The Contract Drilling Services segment offers contract drilling services to oil and gas exploration and development companies in the United States and Australia.

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