Total Energy Services (TSE:TOT) Hits New 1-Year High – What’s Next?

Total Energy Services Inc. (TSE:TOT)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as C$15.95 and last traded at C$15.89, with a volume of 59088 shares traded. The stock had previously closed at C$15.37.

Wall Street Analysts Forecast Growth

Separately, ATB Capital decreased their target price on shares of Total Energy Services from C$20.50 to C$20.00 and set an “outperform” rating for the company in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$20.00.

Total Energy Services Stock Up 0.7%

The firm has a market cap of C$582.59 million, a price-to-earnings ratio of 9.89, a P/E/G ratio of 1.77 and a beta of 1.04. The firm has a fifty day simple moving average of C$14.86 and a 200-day simple moving average of C$13.50. The company has a debt-to-equity ratio of 27.27, a quick ratio of 1.09 and a current ratio of 1.40.

Total Energy Services (TSE:TOT) last issued its quarterly earnings data on Wednesday, November 12th. The company reported C$0.38 earnings per share (EPS) for the quarter. Total Energy Services had a net margin of 4.90% and a return on equity of 7.84%. The firm had revenue of C$260.70 million during the quarter. As a group, sell-side analysts expect that Total Energy Services Inc. will post 2.0517598 EPS for the current year.

Insider Buying and Selling at Total Energy Services

In other news, Director Daniel Kim Halyk bought 5,000 shares of the company’s stock in a transaction dated Thursday, December 18th. The stock was bought at an average price of C$14.80 per share, with a total value of C$74,000.00. Following the completion of the acquisition, the director owned 855,000 shares of the company’s stock, valued at C$12,654,000. This represents a 0.59% increase in their ownership of the stock. Also, insider Total Energy Services Inc bought 300,892 shares of Total Energy Services stock in a transaction dated Wednesday, December 31st. The stock was acquired at an average cost of C$15.02 per share, with a total value of C$4,519,397.84. Following the transaction, the insider owned 312,892 shares of the company’s stock, valued at C$4,699,637.84. This trade represents a 2,507.43% increase in their position. Insiders purchased a total of 307,492 shares of company stock valued at $4,615,512 over the last 90 days. 7.73% of the stock is currently owned by corporate insiders.

Total Energy Services Company Profile

Total Energy Services Inc is an energy services company. The operating segments of the company are Contract Drilling Services, Rentals & Transportation Services, Compression & Process Service, Well servicing, and Corporate. The company’s operations are conducted in Canada, the United States of America, and Australia.