Total Energy Services (TSE:TOT) Reaches New 1-Year High – Here’s What Happened

Shares of Total Energy Services Inc. (TSE:TOT) reached a new 52-week high during trading on Monday . The company traded as high as C$15.60 and last traded at C$15.40, with a volume of 5476 shares. The stock had previously closed at C$15.08.

Wall Street Analyst Weigh In

Separately, ATB Capital dropped their target price on shares of 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 equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Total Energy Services presently has an average rating of “Buy” and an average price target of C$20.00.

Total Energy Services Stock Performance

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 stock’s 50 day moving average is C$14.57 and its 200 day moving average is C$13.19. The stock has a market capitalization of C$560.86 million, a price-to-earnings ratio of 9.52, a PEG ratio of 1.77 and a beta of 0.98.

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

Insider Buying and Selling

In related news, Director Daniel Kim Halyk bought 5,000 shares of the stock in a transaction 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 acquisition, the director owned 855,000 shares in the company, valued at C$12,654,000. This represents a 0.59% increase in their ownership of the stock. Also, insider Gurmeet Kaur Bhatia purchased 3,852 shares of the company’s stock in a transaction on Tuesday, October 7th. The shares were bought at an average cost of C$14.27 per share, with a total value of C$54,968.04. Following the transaction, the insider directly owned 5,843 shares of the company’s stock, valued at C$83,379.61. This represents a 193.47% increase in their position. In the last ninety days, insiders purchased 10,452 shares of company stock worth $151,082. 7.73% of the stock is owned by corporate insiders.

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.