Total Energy Services (TSE:TOT) Insider Sells C$604,200.00 in Stock

Total Energy Services Inc. (TSE:TOT) insider Bradley John Macson sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of C$30.21, for a total value of C$604,200.00. Following the completion of the sale, the insider directly owned 185,744 shares in the company, valued at approximately C$5,611,326.24. This represents a 9.72% decrease in their ownership of the stock.

Total Energy Services Trading Up 2.9%

Total Energy Services stock opened at C$31.39 on Friday. Total Energy Services Inc. has a 52 week low of C$12.82 and a 52 week high of C$31.44. The company has a debt-to-equity ratio of 8.05, a quick ratio of 1.09 and a current ratio of 1.24. The firm has a market capitalization of C$1.14 billion, a PE ratio of 13.19, a PEG ratio of 1.77 and a beta of 0.74. The business’s 50-day simple moving average is C$24.21 and its 200-day simple moving average is C$22.63.

Total Energy Services (TSE:TOT) last announced its earnings results on Wednesday, August 12th. The company reported C$0.72 earnings per share for the quarter. The firm had revenue of C$328.96 million during the quarter. Total Energy Services had a return on equity of 14.51% and a net margin of 7.38%. Equities research analysts forecast that Total Energy Services Inc. will post 2.0517598 earnings per share for the current year.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets raised their price objective on shares of Total Energy Services from C$32.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Total Energy Services has a consensus rating of “Buy” and an average target price of C$33.00.

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.