Total Energy Services (TSE:TOT) PT Lowered to C$11.50 at CIBC

Total Energy Services (TSE:TOT) had its target price reduced by CIBC from C$12.50 to C$11.50 in a research report released on Thursday, BayStreet.CA reports.

TOT has been the subject of several other research reports. Canaccord Genuity reissued a buy rating and set a $7.50 price target on shares of in a report on Tuesday, July 9th. TD Securities reduced their price target on shares of Total Energy Services from C$11.50 to C$10.00 and set a hold rating for the company in a report on Friday, May 10th. Finally, BMO Capital Markets boosted their price target on shares of Air Products & Chemicals to $235.00 and gave the company an outperform rating in a report on Monday, May 13th.

Total Energy Services stock opened at C$7.84 on Thursday. The firm has a market capitalization of $359.81 million and a P/E ratio of 14.00. The stock has a fifty day simple moving average of C$8.30. The company has a current ratio of 1.60, a quick ratio of 1.03 and a debt-to-equity ratio of 53.30. Total Energy Services has a 12 month low of C$7.66 and a 12 month high of C$12.80.

Total Energy Services (TSE:TOT) last released its quarterly earnings data on Thursday, May 9th. The company reported C$0.10 EPS for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.01). The business had revenue of C$221.99 million for the quarter, compared to analysts’ expectations of C$223.27 million. On average, research analysts predict that Total Energy Services will post 0.6 EPS for the current year.

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

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.

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