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.
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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