Total Energy Services (TSE:TOT) Reaches New 12-Month High – Here’s Why

Shares of Total Energy Services Inc. (TSE:TOT) reached a new 52-week high on Thursday . The company traded as high as C$19.82 and last traded at C$19.73, with a volume of 50275 shares traded. The stock had previously closed at C$19.02.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets decreased their price objective on 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 investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Total Energy Services presently has a consensus rating of “Buy” and a consensus target price of C$20.00.

Total Energy Services Trading Up 2.7%

The company has a debt-to-equity ratio of 13.67, a quick ratio of 1.09 and a current ratio of 1.41. The firm has a market cap of C$719.58 million, a price-to-earnings ratio of 12.21, a PEG ratio of 1.77 and a beta of 0.99. The business has a fifty day moving average of C$16.85 and a two-hundred day moving average of C$15.09.

Total Energy Services (TSE:TOT) last issued its quarterly earnings data on Tuesday, March 10th. The company reported C$1.50 EPS for the quarter. Total Energy Services had a net margin of 6.97% and a return on equity of 12.57%. The firm had revenue of C$301.71 million for the quarter. As a group, equities analysts expect that Total Energy Services Inc. will post 2.0517598 earnings per share for the current fiscal year.

Insider Transactions at Total Energy Services

In other Total Energy Services news, Director Daniel Kim Halyk bought 5,000 shares of Total Energy Services stock in a transaction that occurred on Thursday, December 18th. The shares were purchased at an average cost of C$14.80 per share, for a total transaction of C$74,000.00. Following the completion of the transaction, 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 position. Also, insider Total Energy Services Inc acquired 300,892 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were bought at an average cost of C$15.02 per share, with a total value of C$4,519,397.84. Following the purchase, the insider owned 312,892 shares in the company, valued at approximately C$4,699,637.84. The trade was a 2,507.43% increase in their ownership of the stock. In the last quarter, insiders have purchased 307,462 shares of company stock valued at $4,617,356. 7.73% of the stock is currently owned by company insiders.

About Total Energy Services

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.