Total Energy Services (TSE:TOT) Reaches New 12-Month High – What’s Next?

Total Energy Services Inc. (TSE:TOT)’s stock price hit a new 52-week high on Monday . The company traded as high as C$19.37 and last traded at C$18.58, with a volume of 14050 shares traded. The stock had previously closed at C$18.10.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets dropped their target price on Total Energy Services from C$20.50 to C$20.00 and set an “outperform” rating on the stock in a report on Friday, December 19th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$20.00.

Total Energy Services Price Performance

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 company’s 50 day moving average price is C$16.28 and its 200-day moving average price is C$14.77. The company has a market cap of C$686.44 million, a price-to-earnings ratio of 11.65, a PEG ratio of 1.77 and a beta of 1.09.

Total Energy Services (TSE:TOT) last issued its earnings results on Wednesday, November 12th. The company reported C$0.38 earnings per share for the quarter. The firm had revenue of C$260.70 million during the quarter. Total Energy Services had a net margin of 4.90% and a return on equity of 7.84%. On average, equities research analysts forecast that Total Energy Services Inc. will post 2.0517598 earnings per share for the current fiscal year.

Insider Buying and Selling at Total Energy Services

In related news, insider Total Energy Services Inc acquired 300,892 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were purchased at an average price of C$15.02 per share, for a total transaction of C$4,519,397.84. Following the purchase, the insider owned 312,892 shares in the company, valued at C$4,699,637.84. This represents a 2,507.43% increase in their ownership of the stock. Also, Director Daniel Kim Halyk purchased 5,000 shares of the company’s stock in a transaction dated Thursday, December 18th. The stock was bought at an average cost of C$14.80 per share, for a total transaction of C$74,000.00. Following the completion of the purchase, the director directly owned 855,000 shares of the company’s stock, valued at C$12,654,000. The trade was a 0.59% increase in their position. In the last ninety days, insiders bought 307,462 shares of company stock valued at $4,617,356. 7.73% of the stock is currently owned by 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.