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 mid-day trading on Wednesday . The company traded as high as C$17.80 and last traded at C$17.78, with a volume of 9572 shares trading hands. The stock had previously closed at C$17.52.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets cut their price objective on shares of Total Energy Services from C$20.50 to C$20.00 and set an “outperform” rating on the stock in a report on Friday, December 19th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Total Energy Services currently has an average rating of “Buy” and a consensus target price of C$20.00.

Total Energy Services Trading Up 0.5%

The stock’s fifty day moving average price is C$15.83 and its 200 day moving average price is C$14.44. The company has a quick ratio of 1.09, a current ratio of 1.40 and a debt-to-equity ratio of 27.27. The stock has a market cap of C$648.14 million, a PE ratio of 11.00, a PEG ratio of 1.77 and a beta of 1.09.

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

Insider Buying and Selling at Total Energy Services

In other Total Energy Services news, insider Total Energy Services Inc purchased 300,892 shares of the stock in a transaction dated Wednesday, December 31st. The shares were purchased at an average cost of C$15.02 per share, with a total value of C$4,519,397.84. Following the completion of the acquisition, the insider directly owned 312,892 shares in the company, valued at C$4,699,637.84. This trade represents a 2,507.43% increase in their position. Also, Director Daniel Kim Halyk acquired 5,000 shares of Total Energy Services stock in a transaction that occurred on Thursday, December 18th. The stock was acquired at an average price of C$14.80 per share, with a total value of C$74,000.00. Following the completion of the acquisition, the director directly owned 855,000 shares in the company, valued at C$12,654,000. This represents a 0.59% increase in their position. Insiders bought 307,462 shares of company stock valued at $4,617,356 in the last 90 days. Company 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.