Total Energy Services (TSX: TOT), the Materials sector company, has received a rating update from a Wall Street analyst on October 19. Analyst Aaron Macneil from TD Securities remains bullish on the stock and has a C$16 price target.
Macneil has an average return of 4.5% when recommending Total Energy Services.
According to TipRanks.com, Macneil is ranked #4762 out of 4892 analysts.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Total Energy Services with a C$15.83 average price target, a 55.5% upside from current levels. In a report issued on October 16, Canaccord Genuity also maintained a Buy rating on the stock with a C$15.50 price target.
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Based on Total Energy Services’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$3.83 million. In comparison, last year the company had a net profit of C$4.31 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 Friday at C$10.18, close to its 52-week low of C$10.09.
