Insider Buying: Total Energy Services (TSE:TOT) Insider Buys 314,804 Shares of Stock

Total Energy Services Inc. (TSE:TOT) insider Total Energy Services Inc purchased 314,804 shares of Total Energy Services stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of C$24.01 per share, with a total value of C$7,558,444.04. Following the acquisition, the insider directly owned 326,814 shares of the company’s stock, valued at approximately C$7,846,804.14. This trade represents a 2,621.18% increase in their ownership of the stock.

Total Energy Services Inc also recently made the following trade(s):

• On Wednesday, April 8th, Total Energy Services Inc acquired 46,738 shares of Total Energy Services stock. The shares were acquired at an average price of C$21.78 per share, with a total value of C$1,017,953.64.

Total Energy Services Stock Down 0.5%

TSE TOT traded down C$0.12 during trading hours on Monday, hitting C$22.04. 58,721 shares of the company traded hands, compared to its average volume of 108,199. The company has a debt-to-equity ratio of 11.42, a quick ratio of 1.09 and a current ratio of 1.35. The business’s 50-day moving average is C$23.92 and its 200-day moving average is C$20.30. The stock has a market capitalization of C$808.10 million, a price-to-earnings ratio of 10.45, a P/E/G ratio of 1.77 and a beta of 0.76. Total Energy Services Inc. has a twelve month low of C$10.50 and a twelve month high of C$27.58.

Total Energy Services (TSE:TOT) last issued its quarterly earnings data on Tuesday, May 12th. The company reported C$0.65 earnings per share (EPS) for the quarter. Total Energy Services had a return on equity of 13.24% and a net margin of 7.04%.The company had revenue of C$314.90 million during the quarter. Sell-side analysts anticipate that Total Energy Services Inc. will post 2.0517598 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets upped their target price on Total Energy Services from C$20.00 to C$24.00 in a research report on Thursday, March 12th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$24.00.

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.