Total Energy Services (TSE:TOT) Hits New 1-Year High – Should You Buy?

Total Energy Services Inc. (TSE:TOT)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$36.42 and last traded at C$34.94, with a volume of 215127 shares traded. The stock had previously closed at C$36.24.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets lifted their price target on shares of Total Energy Services from C$32.00 to C$33.00 and gave the company an “outperform” rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$33.00.

Total Energy Services Stock Performance

The firm has a fifty day simple moving average of C$28.21 and a 200-day simple moving average of C$24.68. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 8.05. The stock has a market cap of C$1.32 billion, a price-to-earnings ratio of 15.20, a P/E/G ratio of 1.77 and a beta of 0.81.

Total Energy Services (TSE:TOT) last issued its earnings results on Wednesday, August 12th. The company reported C$0.72 earnings per share (EPS) for the quarter. Total Energy Services had a net margin of 7.38% and a return on equity of 14.51%. The company had revenue of C$328.96 million for the quarter. Analysts forecast that Total Energy Services Inc. will post 2.0517598 EPS for the current fiscal year.

Total Energy Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 15th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.3%. Total Energy Services’s payout ratio is 18.49%.

Insider Transactions at Total Energy Services

In other news, insider Total Energy Services Inc bought 314,804 shares of the stock in a transaction on Tuesday, June 30th. The stock was purchased at an average price of C$24.01 per share, with a total value of C$7,558,444.04. Following the completion of the purchase, the insider 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. Also, Director George K. Chow sold 1,800 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of C$30.80, for a total transaction of C$55,440.00. Following the completion of the sale, the director owned 1,800 shares in the company, valued at approximately C$55,440. This trade represents a 50.00% decrease in their ownership of the stock. In the last ninety days, insiders purchased 316,114 shares of company stock worth $7,594,035 and sold 33,800 shares worth $780,360. Corporate insiders own 7.73% of the company’s stock.

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.