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

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Total Energy Services (TSE:TOT) had its target price lowered by CIBC from C$11.50 to C$10.50 in a research note published on Monday morning, BayStreet.CA reports.

Other equities research analysts also recently issued reports about the stock. TD Securities reduced their price objective on shares of Total Energy Services from C$9.00 to C$8.50 and set a hold rating on the stock in a research note on Friday, August 9th. Canaccord Genuity reduced their price objective on shares of Total Energy Services from C$12.00 to C$9.00 in a research note on Friday, August 9th. Finally, BMO Capital Markets reduced their price target on shares of Total Energy Services from C$11.00 to C$8.50 in a research note on Friday, August 9th.

Shares of Total Energy Services stock opened at C$6.10 on Monday. The firm has a market capitalization of $277.10 million and a P/E ratio of 10.83. The company has a debt-to-equity ratio of 52.84, a current ratio of 1.40 and a quick ratio of 0.88. Total Energy Services has a 12-month low of C$5.85 and a 12-month high of C$12.80. The business’s 50-day moving average price is C$7.53.

In related news, insider Total Energy Services Inc purchased 5,000 shares of Total Energy Services stock in a transaction dated Friday, May 31st. The shares were bought at an average cost of C$9.32 per share, for a total transaction of C$46,609.00. Following the purchase, the insider now owns 62,100 shares in the company, valued at approximately C$578,883.78. Over the last 90 days, insiders bought 182,790 shares of company stock worth $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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