TD Securities Lowers Total Energy Services (TOT) Price Target to C$15.50

Total Energy Services (TSE:TOT) had its price objective trimmed by TD Securities from C$16.00 to C$15.50 in a research note published on Friday morning. The brokerage currently has a buy rating on the stock.

Several other research analysts have also recently issued reports on TOT. CIBC lowered their price objective on Total Energy Services from C$16.00 to C$14.00 in a research report on Friday, July 20th. Canaccord Genuity lowered their price objective on Total Energy Services from C$17.00 to C$15.50 in a research report on Tuesday, October 16th. Finally, BMO Capital Markets lowered their price objective on Total Energy Services from C$16.00 to C$13.00 in a research report on Monday, August 13th.

Shares of TSE:TOT traded up C$0.22 on Friday, hitting C$9.90. 83,400 shares of the company’s stock were exchanged, compared to its average volume of 30,282. Total Energy Services has a 1-year low of C$9.17 and a 1-year high of C$15.44. The company has a quick ratio of 1.01, a current ratio of 1.68 and a debt-to-equity ratio of 54.78.

Total Energy Services (TSE:TOT) last released its quarterly earnings data on Thursday, August 9th. The company reported C$0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.08) by C$0.16. The business had revenue of C$193.82 million for the quarter, compared to analyst estimates of C$167.97 million. On average, equities analysts expect that Total Energy Services will post 0.809999951466945 earnings per share for the current year.

In other news, insider Total Energy Services Inc bought 6,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The stock was purchased at an average cost of C$11.34 per share, with a total value of C$74,844.00. Also, Director Daniel Kim Halyk bought 4,200 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The stock was purchased at an average cost of C$10.75 per share, with a total value of C$45,150.00. Over the last ninety days, insiders have bought 118,163 shares of company stock valued at $1,354,568.

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 Services. 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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