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.
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.
Further Reading: What is a Call Option?
Receive News & Ratings for Total Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.