TD Securities Thinks Total Energy Services’ Stock is Going to Recover

By Austin Angelo

Total Energy Services (TSX: TOT), the Materials sector company was revisited on August 10, and remains undervalued for at least one analyst on the street. Analyst Aaron Macneil from TD Securities rated Total Energy Services (TSX: TOT) a Buy on August 10, setting a C$17.50 price target.

According to TipRanks.com, Macneil is ranked #4686 out of 4848 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$16.30 average price target, a 44.9% upside from current levels. In a report issued on August 9, Canaccord Genuity also maintained a Buy rating on the stock with a C$16 price target.

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Total Energy Services’ market cap is currently C$520.2M and has a P/E ratio of 225. The company has a Price to Book ratio of 0.95.

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$11.25, close to its 52-week low of C$10.55.