Total Energy Services Inc (TSE:TOT) – Cormark cut their Q3 2019 earnings per share estimates for shares of Total Energy Services in a report issued on Monday, August 12th. Cormark analyst A. Arif now anticipates that the company will earn $0.03 per share for the quarter, down from their prior forecast of $0.14. Cormark also issued estimates for Total Energy Services’ Q4 2019 earnings at $0.09 EPS, FY2019 earnings at $0.29 EPS, Q1 2020 earnings at $0.14 EPS, Q2 2020 earnings at $0.02 EPS, Q3 2020 earnings at $0.14 EPS and Q4 2020 earnings at $0.18 EPS.
Several other analysts have also issued reports on TOT. BMO Capital Markets reduced their target price on Total Energy Services from C$11.00 to C$8.50 in a report on Friday, August 9th. Canaccord Genuity reduced their target price on Total Energy Services from C$12.00 to C$9.00 in a report on Friday, August 9th. CIBC reduced their target price on Total Energy Services from C$11.50 to C$10.50 in a report on Monday. AltaCorp Capital lowered Total Energy Services from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$11.50 to C$7.75 in a report on Wednesday. Finally, TD Securities reduced their target price on Total Energy Services from C$9.00 to C$8.50 and set a “hold” rating on the stock in a report on Friday, August 9th.
TOT opened at C$5.91 on Wednesday. The firm has a market cap of $277.55 million and a P/E ratio of 10.50. Total Energy Services has a 52-week low of C$5.85 and a 52-week high of C$12.80. The company has a debt-to-equity ratio of 52.84, a quick ratio of 0.88 and a current ratio of 1.40. The business’s fifty day moving average is C$7.49 and its 200-day moving average is C$8.99.
In other Total Energy Services news, Director Daniel Kim Halyk acquired 5,000 shares of Total Energy Services stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of C$6.25 per share, with a total value of C$31,250.00. Following the completion of the purchase, the director now directly owns 1,188,800 shares of the company’s stock, valued at approximately C$7,430,000. Also, insider Total Energy Services Inc acquired 55,000 shares of Total Energy Services stock in a transaction that occurred on Wednesday, June 5th. The stock was acquired at an average cost of C$8.76 per share, for a total transaction of C$481,563.50. Following the completion of the purchase, the insider now directly owns 127,100 shares of the company’s stock, valued at C$1,112,849.47. Over the last three months, insiders have bought 182,790 shares of company stock worth $1,588,495.
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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