ATB Cormark Capital Markets Issues Positive Forecast for Total Energy Services (TSE:TOT) Stock Price

Total Energy Services (TSE:TOT) had its price objective lifted by stock analysts at ATB Cormark Capital Markets from C$20.00 to C$24.00 in a research note issued to investors on Thursday,BayStreet.CA reports. ATB Cormark Capital Markets’ price objective would suggest a potential upside of 20.30% from the stock’s previous close.

Total Energy Services Stock Up 4.9%

TOT traded up C$0.93 during trading hours on Thursday, hitting C$19.95. 160,965 shares of the company’s stock were exchanged, compared to its average volume of 57,262. The firm has a market cap of C$734.68 million, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 1.77 and a beta of 0.99. Total Energy Services has a 12-month low of C$8.40 and a 12-month high of C$20.06. The company has a current ratio of 1.41, a quick ratio of 1.09 and a debt-to-equity ratio of 13.67. The firm has a 50 day moving average of C$16.85 and a 200 day moving average of C$15.09.

Total Energy Services (TSE:TOT) last posted its quarterly earnings results on Tuesday, March 10th. The company reported C$1.50 EPS for the quarter. The business had revenue of C$301.71 million during the quarter. Total Energy Services had a net margin of 6.97% and a return on equity of 12.57%. Analysts predict that Total Energy Services will post 2.0517598 EPS for the current fiscal year.

Insider Transactions at Total Energy Services

In other news, Director Daniel Kim Halyk bought 5,000 shares of Total Energy Services stock in a transaction dated Thursday, December 18th. The stock was acquired at an average cost of C$14.80 per share, with a total value of C$74,000.00. Following the acquisition, the director owned 855,000 shares of the company’s stock, valued at approximately C$12,654,000. This trade 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 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 directly owned 312,892 shares in the company, valued at C$4,699,637.84. The trade was a 2,507.43% increase in their ownership of the stock. Insiders have bought 307,462 shares of company stock worth $4,617,356 in the last quarter. Insiders own 7.73% of the company’s stock.

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.