Total Energy Services (TSE:TOT) Sets New 12-Month High – Still a Buy?

Total Energy Services Inc. (TSE:TOT) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$16.75 and last traded at C$16.60, with a volume of 35604 shares. The stock had previously closed at C$16.25.

Analyst Ratings Changes

Separately, ATB Capital cut their price target on Total Energy Services from C$20.50 to C$20.00 and set an “outperform” rating for the company in a report on Friday, December 19th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Total Energy Services currently has a consensus rating of “Buy” and a consensus target price of C$20.00.

Total Energy Services Stock Up 2.5%

The company has a current ratio of 1.40, a quick ratio of 1.09 and a debt-to-equity ratio of 27.27. The firm has a market cap of C$613.15 million, a price-to-earnings ratio of 10.41, a PEG ratio of 1.77 and a beta of 1.04. The firm’s 50 day simple moving average is C$15.08 and its two-hundred day simple moving average is C$13.80.

Total Energy Services (TSE:TOT) last posted its quarterly earnings data on Wednesday, November 12th. The company reported C$0.38 EPS for the quarter. The firm had revenue of C$260.70 million for the quarter. Total Energy Services had a return on equity of 7.84% and a net margin of 4.90%. On average, equities analysts forecast that Total Energy Services Inc. will post 2.0517598 EPS for the current year.

Insider Transactions at Total Energy Services

In other news, insider Total Energy Services Inc purchased 300,892 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was bought 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 approximately C$4,699,637.84. The trade was a 2,507.43% increase in their position. Also, Director Daniel Kim Halyk purchased 5,000 shares of Total Energy Services stock in a transaction that occurred on Thursday, December 18th. The shares were purchased at an average price of C$14.80 per share, for a total transaction of C$74,000.00. Following the transaction, the director directly owned 855,000 shares in the company, valued at C$12,654,000. This represents a 0.59% increase in their position. Insiders have acquired 309,062 shares of company stock worth $4,639,470 over the last quarter. Corporate 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.