Insider Buying: Total Energy Services (TSE:TOT) Director Buys C$21,238.00 in Stock

Total Energy Services Inc. (TSE:TOT) Director Tim Mcmillan acquired 700 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average price of C$30.34 per share, for a total transaction of C$21,238.00. Following the acquisition, the director directly owned 26,985 shares in the company, valued at approximately C$818,724.90. This trade represents a 2.66% increase in their position.

Total Energy Services Price Performance

TOT opened at C$30.87 on Monday. The stock’s 50-day moving average price is C$23.58 and its 200 day moving average price is C$22.18. Total Energy Services Inc. has a 12-month low of C$12.05 and a 12-month high of C$31.01. The firm has a market cap of C$1.13 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 1.77 and a beta of 0.74. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 8.05.

Total Energy Services (TSE:TOT) last released its earnings results on Wednesday, August 12th. The company reported C$0.72 earnings per share for the quarter. The company had revenue of C$328.96 million during the quarter. Total Energy Services had a return on equity of 14.51% and a net margin of 7.38%. As a group, sell-side analysts expect that Total Energy Services Inc. will post 2.0517598 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets lifted their target price on 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 investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Total Energy Services currently has a consensus rating of “Buy” and a consensus price target of C$33.00.

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.