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Total Energy Services (TOT) Receives a Hold from BMO Capital


Total Energy Services (TOT) has received a rating update from a Wall Street analyst yesterday. Analyst Michael Mazar from BMO Capital remains neutral on the stock and has a C$12 price target.

According to TipRanks.com, Mazar is ranked #2125 out of 4912 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$14.93 average 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 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 Thursday at C$9.68, close to its 52-week low of C$9.24.