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Royal Helium ( (DE:RD31) ) has provided an update.
Total Energy Services Inc. has expanded its U.S. operations by acquiring a fleet of surface rental equipment in Oklahoma for $6.4 million through its subsidiary, Total Oilfield Rentals Inc. This acquisition increases the company’s U.S. fleet by 30% in the Rentals and Transportation Services segment, strengthening its presence in the Oklahoma drilling and completions rental market.
Spark’s Take on DE:RD31 Stock
According to Spark, TipRanks’ AI Analyst, DE:RD31 is a Outperform.
Total Energy Services receives a strong overall score due to its solid financial performance, attractive valuation, and strategic corporate actions. While technical indicators suggest some caution, the company’s robust financial health and strategic growth initiatives position it well for future success.
To see Spark’s full report on DE:RD31 stock, click here.
More about Royal Helium
Total Energy Services Inc. operates in the energy sector, providing contract drilling services, equipment rentals, transportation services, well servicing, and compression and process equipment and services. It serves the energy and other resource industries from operation centers in North America and Australia. The company’s shares are traded on the TSX under the symbol TOT.
Average Trading Volume: 2,000
Technical Sentiment Signal: Sell
Current Market Cap: €4.83M
For an in-depth examination of RD31 stock, go to TipRanks’ Stock Analysis page.