CIBC Trims Total Energy Services (TSE:TOT) Target Price to C$10.50

Total Energy Services (TSE:TOT) had its price objective decreased by CIBC from C$11.50 to C$10.50 in a report issued on Monday morning, BayStreet.CA reports.

TOT has been the subject of several other reports. Canaccord Genuity lowered their price target on Total Energy Services from C$12.00 to C$9.00 in a research report on Friday, August 9th. TD Securities lowered their price target on Total Energy Services from C$9.00 to C$8.50 and set a hold rating for the company in a research report on Friday, August 9th. Finally, BMO Capital Markets lowered their price target on Total Energy Services from C$11.00 to C$8.50 in a research report on Friday, August 9th.

TOT opened at C$5.91 on Monday. Total Energy Services has a 52 week low of C$5.85 and a 52 week high of C$12.80. The business has a fifty day simple moving average of C$7.49 and a 200-day simple moving average of C$8.99. The firm has a market cap of $277.55 million and a P/E ratio of 10.50. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 52.84.

In related news, insider Total Energy Services Inc bought 50,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was purchased at an average cost of C$9.50 per share, for a total transaction of C$475,955.01. Following the completion of the acquisition, the insider now owns 80,900 shares in the company, valued at approximately C$768,558.09. Also, Director Daniel Kim Halyk bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of C$6.25 per share, with a total value of C$31,250.00. Following the completion of the acquisition, the director now owns 1,188,800 shares of the company’s stock, valued at approximately C$7,430,000. Over the last quarter, insiders purchased 182,790 shares of company stock valued at $1,588,495.

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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