Total Energy Services (TSE:TOT) Price Target Raised to C$24.00

Total Energy Services (TSE:TOT) had its price objective increased by ATB Cormark Capital Markets from C$20.00 to C$24.00 in a research note published on Thursday,BayStreet.CA reports.

Total Energy Services Stock Performance

TSE TOT opened at C$20.31 on Thursday. 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 firm has a market capitalization of C$747.94 million, a price-to-earnings ratio of 12.69, a P/E/G ratio of 1.77 and a beta of 0.99. The company’s fifty day moving average is C$17.05 and its two-hundred day moving average is C$15.19. Total Energy Services has a 52-week low of C$8.40 and a 52-week high of C$20.50.

Total Energy Services (TSE:TOT) last announced 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 business had revenue of C$301.71 million during the quarter. Equities research analysts forecast that Total Energy Services will post 2.0517598 EPS for the current year.

Insider Buying and Selling

In other news, insider Total Energy Services Inc acquired 300,892 shares of the stock in a transaction dated Wednesday, December 31st. The shares were acquired at an average cost of C$15.02 per share, for a total transaction of C$4,519,397.84. Following the completion of the transaction, the insider owned 312,892 shares in the company, valued at approximately C$4,699,637.84. This trade represents a 2,507.43% increase in their position. Also, Director Daniel Kim Halyk acquired 5,000 shares of the stock in a transaction dated Thursday, December 18th. The shares were purchased at an average price 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 trade represents a 0.59% increase in their position. Insiders acquired a total of 307,462 shares of company stock valued at $4,617,356 in the last quarter. Corporate insiders own 7.73% of the company’s stock.

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.