Total Energy Services Inc (TSE:TOT) Upgraded to Outperform by BMO Capital Markets

BMO Capital Markets upgraded shares of Total Energy Services Inc (TSE:TOT) from a market perform rating to an outperform rating in a research note published on Tuesday morning. BMO Capital Markets currently has C$68.00 target price on the stock, up from their prior target price of C$36.00.

Several other brokerages have also recently weighed in on TOT. CIBC raised Total Energy Services from a neutral rating to an outperform rating in a research note on Tuesday, April 18th. Canaccord Genuity decreased their price target on Total Energy Services from C$17.50 to C$16.00 in a research note on Tuesday, July 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of C$26.30.

Shares of Total Energy Services (TSE:TOT) opened at 11.69 on Tuesday. The company has a 50-day moving average price of $12.45 and a 200-day moving average price of $13.50. Total Energy Services has a 12 month low of $11.43 and a 12 month high of $16.00. The firm’s market capitalization is $513.07 million.

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In other Total Energy Services news, Director Andrew B. Wiswell bought 2,640 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The stock was acquired at an average price of C$12.60 per share, with a total value of C$33,264.00. Also, Director Randy Kwasnicia bought 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The shares were acquired at an average cost of C$12.48 per share, with a total value of C$31,200.00. In the last three months, insiders bought 31,640 shares of company stock valued at $413,749.

About Total Energy Services

Total Energy Services Inc operates as an energy services company in Canada. It operates through three segments: Contract Drilling Services, Rentals and Transportation Services, and Compression and Process Services. The Contract Drilling Services segment offers contract drilling equipment and services, as well as operates a fleet of 18 rigs in Canada.

Analyst Recommendations for Total Energy Services (TSE:TOT)

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