Total Energy Services (TSE:TOT) PT Lowered to C$6.00

Total Energy Services (TSE:TOT) had its price objective lowered by ATB Capital from C$6.50 to C$6.00 in a report issued on Friday, Analyst Ratings Network reports. The firm currently has an “outperform” rating on the stock. ATB Capital’s price objective would suggest a potential upside of 55.04% from the company’s previous close.

Separately, BMO Capital Markets reduced their price objective on shares of Total Energy Services from C$5.00 to C$4.75 in a research note on Thursday. Four research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of C$4.45.

TSE TOT opened at C$3.87 on Friday. The firm’s fifty day moving average price is C$3.92 and its two-hundred day moving average price is C$3.42. The stock has a market cap of C$174.46 million and a PE ratio of -5.69. Total Energy Services has a fifty-two week low of C$1.61 and a fifty-two week high of C$4.18. The company has a debt-to-equity ratio of 48.52, a quick ratio of 1.58 and a current ratio of 3.25.

Total Energy Services (TSE:TOT) last posted its earnings results on Thursday, March 11th. The company reported C($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.22) by C$0.18. The company had revenue of C$83.47 million for the quarter, compared to the consensus estimate of C$88.00 million. As a group, sell-side analysts predict that Total Energy Services will post -0.24 earnings per share for the current fiscal year.

In other news, insider Total Energy Services Inc bought 81,300 shares of the company’s stock in a transaction that occurred on Monday, March 29th. The shares were acquired at an average price of C$4.02 per share, for a total transaction of C$327,159.33. Following the completion of the acquisition, the insider now directly owns 81,300 shares in the company, valued at C$327,159.33. In the last 90 days, insiders purchased 183,880 shares of company stock worth $736,571.

About Total Energy Services

Total Energy Services Inc provides various products and services to the oil and natural gas industry primarily in Canada, the United States, and Australia. It operates through four segments: Contract Drilling Services, Rentals and Transportation Services, Compression and Process Services and Well Servicing.

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