In a new note to investors today, an analyst has provided a rating update for the Materials sector company, Total Energy Services (TSX: TOT). Analyst Michael Mazar from BMO Capital remains neutral on the stock and has a C$13 price target.
According to TipRanks.com, Mazar is ranked #1778 out of 4850 analysts.
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Total Energy Services has an analyst consensus of Moderate Buy, with a price target consensus of C$15.60.
Based on Total Energy Services’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$3.16 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 Friday at C$11.21, close to its 52-week low of C$10.55.
