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

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

Analysts Set New Price Targets

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

Total Energy Services Stock Up 3.0%

The business has a 50 day moving average of C$16.28 and a 200 day moving average of C$14.77. The company has a debt-to-equity ratio of 27.27, a current ratio of 1.40 and a quick ratio of 1.09. The firm has a market capitalization of C$686.44 million, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 1.77 and a beta of 1.09.

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

Insider Activity at Total Energy Services

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