Total Energy Services (TSE:TOT) Reaches New 12-Month High – Here’s Why

Shares of Total Energy Services Inc. (TSE:TOT) reached a new 52-week high on Wednesday . The company traded as high as C$21.85 and last traded at C$21.66, with a volume of 147552 shares trading hands. The stock had previously closed at C$21.02.

Wall Street Analyst Weigh In

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

Total Energy Services Trading Up 3.0%

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 stock has a market cap of C$797.65 million, a P/E ratio of 13.54, a price-to-earnings-growth ratio of 1.77 and a beta of 0.99. The business’s fifty day simple moving average is C$17.30 and its 200 day simple moving average is C$15.32.

Total Energy Services (TSE:TOT) last announced its earnings results on Tuesday, March 10th. The company reported C$1.50 earnings per share for the quarter. Total Energy Services had a net margin of 6.97% and a return on equity of 12.57%. The company had revenue of C$301.71 million during the quarter. As a group, analysts expect that Total Energy Services Inc. 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 Total Energy Services stock in a transaction on Wednesday, December 31st. The shares were purchased at an average price of C$15.02 per share, with a total value of C$4,519,397.84. Following the acquisition, 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 acquired 5,000 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was 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 directly owned 855,000 shares in the company, valued at approximately C$12,654,000. The trade was a 0.59% increase in their position. In the last three months, insiders purchased 307,462 shares of company stock valued at $4,617,356. 7.73% of the stock is currently 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.