Total Energy Services (TOT) Gets a Buy Rating from AltaCorp Captial


In a latest note to investors, a research 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$13.50 price target on March 10.

Monachello has an average return of 5.1% when recommending Total Energy Services.

According to TipRanks.com, Monachello is ranked #4972 out of 5218 analysts.

Total Energy Services has an analyst consensus of Moderate Buy, with a price target consensus of C$14.

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.

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