Total Energy Services Received its Third Buy in a Row

By Jason Carr

Analysts seem to be optimistic about Total Energy Services (TSX: TOT) lately as another research firm gave the stock a Buy rating today. The company received a Buy rating from Canaccord Genuity’s analyst John Bereznicki, with a C$17.50 price target.

According to TipRanks.com, Bereznicki is a 4-star analyst with an average return of 10.3% and a 51.8% success rate. Bereznicki covers the Basic Materials sector, focusing on stocks such as Essential Energy Services Ltd, Trinidad Drilling, and Canadian Energy.

Currently, the analyst consensus on Total Energy Services is Strong Buy and the average price target is C$19.05, representing a 43.8% upside.

In a report issued on June 20, Scotiabank also maintained a Buy rating on the stock with a C$21 price target.

Total Energy Services’ market cap is currently C$513.1M and has a P/E ratio of 0.

Total Energy Services, Inc. provides drilling and production services to the oil and gas industry. It operates through the following three segments: Contract Drilling Services, Rentals and Transportation Services, and Compression and Process Services.

The company’s shares closed on Tuesday at $13.25.