In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Total Energy Services (TSX: TOT). Scotiabank’s analyst Vladislav Vlad reiterates their Hold rating on the shares today.
According to TipRanks.com, Vlad is ranked #1402 out of 4847 analysts.
Read also: Crude Oil: Sell Now, Buy Later
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Total Energy Services with a C$16.50 average price target, which is a 40.4% upside from current levels. In a report issued on August 10, BMO Capital also reiterated a Hold rating on the stock with a C$13 price target.
.
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 GAAP net loss of C$11.57 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$11.75.
