A Wall Street analyst has provided a review for the Materials company on March 8, but retained the same rating on the stock. Analyst Ian Gillies remains bullish on Total Energy Services (TOT) and has a C$15 price target.
According to TipRanks.com, Gillies is ranked 0 out of 5 stars with an average return of -8.0% and a 42.5% success rate. Gillies covers the Basic Materials sector, focusing on stocks such as Precision Drilling, Inter Pipeline Ltd, and Gibson Energy Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Total Energy Services with a C$13.67 average price target, a 39.9% upside from current levels. In a report issued on March 10, AltaCorp Captial also reiterated a Buy rating on the stock with a C$13.50 price target.
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Based on Total Energy Services’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of C$8.56 million. In comparison, last year the company had a net profit of C$6.2 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 Monday at C$9.77.
