Total Energy Services (TSE:TOT) Hits New 12-Month High – Should You Buy?

Total Energy Services Inc. (TSE:TOT) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$15.34 and last traded at C$15.22, with a volume of 5210 shares trading hands. The stock had previously closed at C$15.24.

Analyst Upgrades and Downgrades

Separately, ATB Capital increased their price target on Total Energy Services from C$18.00 to C$19.50 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Total Energy Services has an average rating of “Buy” and a consensus price target of C$19.50.

Total Energy Services Stock Down 0.1%

The company has a debt-to-equity ratio of 27.27, a quick ratio of 1.09 and a current ratio of 1.40. The stock has a market cap of C$560.49 million, a price-to-earnings ratio of 9.51, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98. The business’s 50 day moving average is C$14.17 and its 200 day moving average is C$12.70.

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

Total Energy Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, October 15th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, September 29th. Total Energy Services’s dividend payout ratio is currently 24.38%.

Insider Buying and Selling

In other Total Energy Services news, insider Gurmeet Kaur Bhatia bought 3,852 shares of the stock in a transaction on Tuesday, October 7th. The shares were bought at an average price of C$14.27 per share, with a total value of C$54,968.04. Following the purchase, the insider directly owned 5,843 shares in the company, valued at C$83,379.61. The trade was a 193.47% increase in their position. 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.