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

Total Energy Services Inc. (TSE:TOT)’s stock price reached a new 52-week high during trading on Monday. The stock traded as high as C$39.41 and last traded at C$38.85, with a volume of 18,871 shares traded. The stock had previously closed at C$38.29.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada set a C$41.00 target price on shares of Total Energy Services and gave the company a “hold” rating in a research note on Thursday, September 24th. ATB Cormark Capital Markets increased their price target on shares of Total Energy Services from C$36.50 to C$42.00 and gave the stock an “outperform” rating in a research note on Thursday, September 24th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$41.50.

Total Energy Services Stock Performance

The company has a market capitalization of C$1.45 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 1.77 and a beta of 0.67. The company’s 50 day moving average is C$34.36 and its 200-day moving average is C$27.53. 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 posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.72 EPS for the quarter. The business had revenue of C$328.96 million for the quarter. Total Energy Services had a net margin of 7.38% and a return on equity of 14.51%. Equities analysts anticipate that Total Energy Services Inc. will post 2.05 EPS for the current fiscal year.

Total Energy Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, October 15th were paid a $0.12 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.2%. Total Energy Services’s dividend payout ratio is presently 18.49%.

Insider Buying and Selling

In related news, Director Kenneth Brandon Mullen bought 1,205 shares of the company’s stock in a transaction on Monday, September 21st. The shares were acquired at an average cost of C$35.58 per share, with a total value of C$42,873.90. Following the completion of the acquisition, the director owned 26,015 shares of the company’s stock, valued at C$925,613.70. The trade was a 4.86% increase in their position. Also, insider Total Energy Services Inc bought 312,412 shares of the business’s stock in a transaction dated Tuesday, September 29th. The stock was bought at an average cost of C$34.43 per share, for a total transaction of C$10,756,345.16. Following the completion of the purchase, the insider owned 322,412 shares of the company’s stock, valued at approximately C$11,100,645.16. The trade was a 3,124.12% increase in their position. In the last 90 days, insiders purchased 314,317 shares of company stock worth $10,820,457 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.