Total Energy Services (TSE:TOT) Hits New 1-Year High on Insider Buying Activity

Total Energy Services Inc. (TSE:TOT) shares hit a new 52-week high on Monday following insider buying activity. The company traded as high as C$23.80 and last traded at C$23.46, with a volume of 24816 shares changing hands. The stock had previously closed at C$23.39.

Specifically, Director George K. Chow bought 1,600 shares of the company’s stock in a transaction that occurred on Friday, March 27th. The shares were purchased at an average price of C$23.19 per share, with a total value of C$37,104.00. Following the completion of the acquisition, the director directly owned 59,560 shares of the company’s stock, valued at C$1,381,196.40. This represents a 2.76% increase in their position.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets lifted their price target on Total Energy Services from C$20.00 to C$24.00 in a report on Thursday, March 12th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$24.00.

Total Energy Services Price Performance

The company has a market capitalization of C$851.92 million, a PE ratio of 11.99, a price-to-earnings-growth ratio of 1.77 and a beta of 0.99. The company has a debt-to-equity ratio of 13.67, a current ratio of 1.41 and a quick ratio of 1.09. The company’s 50 day simple moving average is C$18.43 and its 200 day simple moving average is C$15.85.

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

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.