Equities Analysts Issue Forecasts for Total Energy Services Inc’s Q4 2020 Earnings (TSE:TOT)

Total Energy Services Inc (TSE:TOT) – Cormark reduced their Q4 2020 earnings per share (EPS) estimates for Total Energy Services in a note issued to investors on Monday, November 11th. Cormark analyst A. Arif now expects that the company will post earnings of $0.09 per share for the quarter, down from their prior forecast of $0.18.

TOT has been the subject of several other reports. AltaCorp Capital cut shares of Total Energy Services from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$11.50 to C$7.75 in a research note on Wednesday, August 14th. Canaccord Genuity decreased their price target on shares of Total Energy Services from C$12.00 to C$9.00 in a research note on Friday, August 9th. TD Securities decreased their price target on shares of Total Energy Services from C$7.00 to C$6.50 and set a “hold” rating for the company in a research note on Friday. BMO Capital Markets decreased their price target on shares of Total Energy Services from C$7.50 to C$7.00 in a research note on Friday. Finally, CIBC decreased their price target on shares of Total Energy Services from C$10.50 to C$8.50 in a research note on Tuesday, October 15th.

Shares of TOT traded down C$0.07 during mid-day trading on Tuesday, hitting C$5.62. 5,437 shares of the company’s stock were exchanged, compared to its average volume of 30,042. The company has a market cap of $258.53 million and a PE ratio of 26.49. Total Energy Services has a 52 week low of C$5.47 and a 52 week high of C$11.00. The company has a 50-day simple moving average of C$6.32 and a 200 day simple moving average of C$7.53. The company has a debt-to-equity ratio of 56.16, a current ratio of 1.57 and a quick ratio of 0.93.

In other news, insider Total Energy Services Inc bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was acquired at an average cost of C$6.98 per share, with a total value of C$34,898.00. Following the completion of the purchase, the insider now owns 60,000 shares of the company’s stock, valued at C$418,776. Insiders purchased 107,830 shares of company stock valued at $689,021 over the last three months.

Total Energy Services Company Profile

Total Energy Services Inc provides diversified energy services. It operates through four segments: Contract Drilling Services; Rentals and Transportation Services; Compression and Process Services; and Well Servicing. The Contract Drilling Services segment offers contract drilling services to oil and gas exploration and development companies in the United States and Australia.

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Earnings History and Estimates for Total Energy Services (TSE:TOT)

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