In a new note to investors yesterday, an analyst has provided a rating update for the Materials sector company, Total Energy Services (TOT). Analyst Tim Monachello from AltaCorp Captial reiterated a Buy rating, with a C$13 price target.
According to TipRanks.com, Monachello is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -18.7% and a 26.7% success rate. Monachello covers the Basic Materials sector, focusing on stocks such as High Arctic Energy Services Inc, Essential Energy Services Ltd, and Exterran Corporation.
Total Energy Services has an analyst consensus of Moderate Buy, with a price target consensus of C$12.63, implying a 31.0% upside from current levels. In a report issued on May 10, GMP FirstEnergy also reiterated a Buy rating on the stock with a C$14 price target.
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Based on Total Energy Services’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$4.76 million. In comparison, last year the company had a net profit of C$3.16 million.
Total Energy Services, Inc. engages in the provision of products and services to the oil and natural gas industry. It operates through the following segments: Contract Drilling Services, Rentals and Transportation Services, Compression and Process Services, and Well Servicing.
The company’s shares closed on Wednesday at C$9.64.
