Total Energy Services (TSE:TOT) Hits New 12-Month High – Should You Buy?

Total Energy Services Inc. (TSE:TOT)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$15.08 and last traded at C$15.08, with a volume of 6952 shares changing hands. The stock had previously closed at C$14.74.

Wall Street Analyst Weigh In

Separately, ATB Capital increased their price target on shares of Total Energy Services from C$18.00 to C$19.50 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$18.75.

Total Energy Services Stock Up 1.6%

The company has a debt-to-equity ratio of 27.27, a quick ratio of 1.09 and a current ratio of 1.40. The firm has a market cap of C$551.65 million, a PE ratio of 8.81, a PEG ratio of 1.77 and a beta of 1.05. The company’s 50-day simple moving average is C$13.82 and its two-hundred day simple moving average is C$11.99.

Total Energy Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th were given a dividend of $0.10 per share. The ex-dividend date was Monday, September 29th. This represents a $0.40 annualized dividend and a dividend yield of 2.7%. Total Energy Services’s payout ratio is currently 22.35%.

Insider Activity

In other news, insider Gurmeet Kaur Bhatia purchased 3,852 shares of Total Energy Services stock in a transaction that occurred on Tuesday, October 7th. The shares were bought at an average cost of C$14.27 per share, with a total value of C$54,968.04. Following the completion of the purchase, the insider directly owned 5,843 shares in the company, valued at approximately C$83,379.61. This trade represents a 193.47% increase in their ownership of the stock. Also, Director Daniel Kim Halyk bought 3,500 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were acquired at an average price of C$13.10 per share, for a total transaction of C$45,850.00. Following the acquisition, the director owned 2,145,000 shares in the company, valued at approximately C$28,099,500. This represents a 0.16% increase in their position. Insiders bought a total of 157,275 shares of company stock worth $1,988,654 in the last quarter. 7.73% of the stock is owned by company 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.