Total Energy Services (TOT) Upgraded to Buy at TD Securities

TD Securities upgraded shares of Total Energy Services (TSE:TOT) from a hold rating to a buy rating in a research report sent to investors on Friday. They currently have C$19.00 price target on the stock, up from their previous price target of C$18.00.

A number of other equities research analysts also recently weighed in on TOT. GMP Securities boosted their target price on Total Energy Services from C$18.00 to C$20.00 in a research report on Monday, November 13th. BMO Capital Markets boosted their target price on Total Energy Services from C$14.00 to C$17.00 in a research report on Monday, November 13th. Finally, CIBC boosted their target price on Total Energy Services from C$17.50 to C$18.50 in a research report on Tuesday, January 23rd.

Shares of Total Energy Services (TOT) opened at C$13.99 on Friday. The firm has a market capitalization of $630.69, a price-to-earnings ratio of -43.28 and a beta of 0.45. Total Energy Services has a 52-week low of C$11.24 and a 52-week high of C$15.47.

Total Energy Services (TSE:TOT) last released its earnings results on Wednesday, November 8th. The company reported C$0.09 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.03. Total Energy Services had a return on equity of 3.17% and a net margin of 2.02%.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, December 29th were issued a $0.06 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.24 dividend on an annualized basis and a yield of 1.72%. Total Energy Services’s dividend payout ratio is presently -75.00%.

In related news, Director Glenn Orval James Dagenais acquired 8,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was acquired at an average price of C$14.14 per share, for a total transaction of C$113,120.00. Also, Director Bruce Lawrence Pachkowski acquired 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was bought at an average price of C$15.00 per share, with a total value of C$37,500.00. Insiders purchased 12,000 shares of company stock valued at $172,340 in the last quarter.

TRADEMARK VIOLATION NOTICE: “Total Energy Services (TOT) Upgraded to Buy at TD Securities” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://sportsperspectives.com/2018/02/03/total-energy-services-tot-upgraded-to-buy-at-td-securities.html.

About Total Energy Services

Total Energy Services Inc is a Canada-based energy services company. The Company through operating divisions, wholly-owned subsidiaries and limited partnerships is involved in three business areas: contract drilling services (Chinook Drilling), rentals and transportation services (Total Oilfield Rentals); and the fabrication, sale, rental and servicing of new and used equipment for both oil and gas processing (Spectrum Process Systems) and gas compression (Bidell Gas Compression).

Receive News & Ratings for Total Energy Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total Energy Services and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply