- BMO Capital analyst John Gibson upgraded Total Energy Services Inc TOT TOTZF to Outperform from Market Perform and raised the price target to C$11 from C$10 post 1Q22 results.
- The analyst states that the company's inexpensive valuation (<3x 2023 EV/EBITDA) screens well relative to the coverage group.
- Combining this with his extremely strong outlook for oilfield service activity levels and pricing into 2023, the analyst now rates Total Energy Services shares as Outperform.
- Price Action: TOT shares are trading higher by 2.55% at C$8.05 on TSX, and TOTZF is higher by 3.84% at $6.22 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
