Canaccord Genuity Cuts Total Energy Services (TSE:TOT) Price Target to C$12.00
Total Energy Services (TSE:TOT) had its price target reduced by Canaccord Genuity from C$13.50 to C$12.00 in a research report released on Tuesday morning, BayStreet.CA reports.
Other equities research analysts also recently issued reports about the company. BMO Capital Markets lifted their price objective on Air Products & Chemicals to $235.00 and gave the company an outperform rating in a report on Monday, May 13th. TD Securities decreased their price objective on Total Energy Services from C$11.50 to C$10.00 and set a hold rating on the stock in a report on Friday, May 10th.
TSE TOT opened at C$7.81 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.60 and a debt-to-equity ratio of 53.30. The firm’s 50 day moving average is C$8.57. The firm has a market capitalization of $375.83 million and a P/E ratio of 13.95. Total Energy Services has a 1-year low of C$7.72 and a 1-year high of C$12.80.
In other news, insider Total Energy Services Inc bought 55,000 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was bought at an average price of C$8.76 per share, for a total transaction of C$481,563.50. Following the completion of the purchase, the insider now owns 127,100 shares of the company’s stock, valued at approximately C$1,112,849.47. Also, Director Daniel Kim Halyk bought 5,000 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was purchased 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 of the company’s stock, valued at approximately C$10,285,440. Insiders have acquired 162,540 shares of company stock worth $1,461,074 over the last ninety days.
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 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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