ATB Cormark Capital Markets Raises Total Energy Services (TSE:TOT) Price Target to C$42.00

Total Energy Services (TSE:TOT) had its price target lifted by equities researchers at ATB Cormark Capital Markets from C$36.50 to C$42.00 in a note issued to investors on Thursday, BayStreet reports. The firm currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective indicates a potential upside of 14.50% from the company’s previous close.

Separately, Royal Bank Of Canada set a C$41.00 price target on shares of Total Energy Services and gave the stock a “sector perform” rating in a research report on Thursday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$41.50.

Total Energy Services Stock Performance

Shares of TSE TOT traded up C$0.38 during trading on Thursday, reaching C$36.68. The stock had a trading volume of 167,667 shares, compared to its average volume of 123,350. Total Energy Services has a one year low of C$13.00 and a one year high of C$37.90. The company has a debt-to-equity ratio of 8.05, a quick ratio of 1.09 and a current ratio of 1.24. The stock has a market cap of C$1.34 billion, a PE ratio of 15.41, a P/E/G ratio of 1.77 and a beta of 0.81. The firm’s 50 day moving average price is C$29.47 and its two-hundred day moving average price is C$25.30.

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

Insiders Place Their Bets

In related news, insider Bradley John Macson sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of C$30.21, for a total value of C$604,200.00. Following the completion of the transaction, the insider directly owned 185,744 shares of the company’s stock, valued at C$5,611,326.24. This represents a 9.72% decrease in their position. Also, Director George K. Chow sold 1,800 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of C$30.80, for a total value 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 represents a 50.00% decrease in their ownership of the stock. In the last ninety days, insiders have acquired 317,319 shares of company stock valued at $7,636,909 and have sold 33,800 shares valued at $780,360. Company 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.