Total Energy Services (TSE:TOT) Price Target Cut to C$8.50

Total Energy Services (TSE:TOT) had its price target trimmed by TD Securities from C$9.00 to C$8.50 in a report published on Friday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

A number of other equities analysts have also recently weighed in on TOT. Canaccord Genuity reduced their price target on Total Energy Services from C$12.00 to C$9.00 in a report on Friday. CIBC reduced their price target on Total Energy Services from C$12.50 to C$11.50 in a report on Thursday, July 18th. Finally, BMO Capital Markets reduced their price target on Total Energy Services from C$11.00 to C$8.50 in a report on Friday.

TSE TOT traded down C$0.45 during trading hours on Friday, reaching C$6.50. The company’s stock had a trading volume of 181,500 shares, compared to its average volume of 30,933. The stock has a market capitalization of $330.97 million and a price-to-earnings ratio of 11.55. Total Energy Services has a 1-year low of C$6.19 and a 1-year high of C$12.80. The company has a debt-to-equity ratio of 52.84, a current ratio of 1.40 and a quick ratio of 0.88. The firm has a 50-day moving average price of C$7.73.

Total Energy Services (TSE:TOT) last released its quarterly earnings results on Thursday, May 9th. The company reported C$0.10 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.01). The company had revenue of C$221.99 million during the quarter, compared to the consensus estimate of C$223.27 million. As a group, sell-side analysts expect that Total Energy Services will post 0.58 earnings per share for the current fiscal year.

In other news, Director Daniel Kim Halyk bought 5,000 shares of Total Energy Services stock in a transaction on Friday, June 7th. The stock was acquired at an average price of C$8.80 per share, with a total value of C$44,000.00. Following the completion of the acquisition, the director now directly owns 1,168,800 shares of the company’s stock, valued at C$10,285,440. Also, insider Total Energy Services Inc bought 17,450 shares of Total Energy Services stock in a transaction on Thursday, July 11th. The shares were purchased at an average cost of C$7.83 per share, with a total value of C$136,633.50. Following the acquisition, the insider now directly owns 44,450 shares of the company’s stock, valued at C$348,043.50. Insiders have acquired 179,990 shares of company stock valued at $1,597,707 in the last three months.

Total Energy Services Company Profile

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.

Featured Article: What does cost of debt say about a company’s financial health?

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.