Total Energy Services (TSE:TOT) Hits New 52-Week High – Still a Buy?

Total Energy Services Inc. (TSE:TOT) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$29.38 and last traded at C$29.24, with a volume of 51500 shares traded. The stock had previously closed at C$25.31.

Wall Street Analysts Forecast Growth

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

Total Energy Services Stock Up 14.3%

The firm has a 50-day simple moving average of C$23.38 and a 200 day simple moving average of C$21.98. The company has a market capitalization of C$1.06 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 1.77 and a beta of 0.74. The company has a debt-to-equity ratio of 11.42, a current ratio of 1.35 and a quick ratio of 1.09.

Total Energy Services (TSE:TOT) last announced its earnings results 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 return on equity of 13.24% and a net margin of 7.04%. On average, research analysts predict that Total Energy Services Inc. will post 2.0517598 EPS for the current fiscal year.

Insider Activity

In other Total Energy Services news, Director Daniel Kim Halyk purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were acquired at an average price of C$22.00 per share, for a total transaction of C$110,000.00. Following the completion of the purchase, the director owned 860,000 shares in the company, valued at C$18,920,000. The trade was a 0.58% increase in their position. Also, insider Total Energy Services Inc purchased 314,804 shares of Total Energy Services stock in a transaction that occurred on Tuesday, June 30th. The stock was acquired at an average cost of C$24.01 per share, with a total value of C$7,558,444.04. Following the acquisition, the insider directly owned 326,814 shares of the company’s stock, valued at C$7,846,804.14. The trade was a 2,621.18% increase in their position. Over the last quarter, insiders bought 326,984 shares of company stock worth $7,845,413. 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.