FY2023 Earnings Estimate for Total Energy Services Inc. (TSE:TOT) Issued By Stifel Firstegy

Total Energy Services Inc. (TSE:TOTGet Rating) – Investment analysts at Stifel Firstegy increased their FY2023 earnings per share (EPS) estimates for Total Energy Services in a note issued to investors on Thursday, May 12th. Stifel Firstegy analyst C. Pereira now expects that the company will post earnings per share of $0.72 for the year, up from their prior estimate of $0.71.

TOT has been the topic of a number of other research reports. ATB Capital boosted their target price on Total Energy Services from C$10.75 to C$12.25 and gave the stock an “outperform” rating in a research note on Friday, March 11th. BMO Capital Markets upgraded Total Energy Services to a “buy” rating and set a C$11.00 target price on the stock in a research note on Thursday. Finally, Canaccord Genuity Group boosted their target price on Total Energy Services from C$10.00 to C$11.00 in a research note on Thursday, March 17th.

Shares of TSE TOT opened at C$8.40 on Monday. Total Energy Services has a twelve month low of C$3.51 and a twelve month high of C$9.05. The stock’s 50 day moving average price is C$7.92 and its 200-day moving average price is C$6.69. The company has a market capitalization of C$358.76 million and a PE ratio of -840.00. The company has a quick ratio of 1.43, a current ratio of 2.55 and a debt-to-equity ratio of 41.07.

Total Energy Services (TSE:TOTGet Rating) last released its quarterly earnings results on Thursday, March 10th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.03 by C($0.01). The business had revenue of C$134.63 million during the quarter, compared to analyst estimates of C$134.00 million.

In related news, Director Daniel Kim Halyk purchased 4,900 shares of the stock in a transaction that occurred on Tuesday, March 15th. The shares were bought at an average price of C$6.34 per share, with a total value of C$31,066.00. Following the acquisition, the director now owns 1,820,000 shares of the company’s stock, valued at approximately C$11,538,800. Also, insider Total Energy Services Inc purchased 240,000 shares of the stock in a transaction that occurred on Thursday, March 31st. The stock was bought at an average cost of C$7.12 per share, for a total transaction of C$1,709,088.00. Following the acquisition, the insider now directly owns 240,000 shares in the company, valued at approximately C$1,709,088. Insiders purchased a total of 384,320 shares of company stock worth $2,840,658 in the last ninety days.

About Total Energy Services (Get Rating)

Total Energy Services Inc provides various products and services to the oil and natural gas industry primarily in Canada, the United States, and Australia. It operates through four segments: Contract Drilling Services, Rentals and Transportation Services, Compression and Process Services and Well Servicing.

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