Total Energy Services (TSE:TOT) Price Target Raised to C$33.00

Total Energy Services (TSE:TOT) had its price objective lifted by equities researchers at ATB Cormark Capital Markets from C$32.00 to C$33.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price indicates a potential upside of 44.80% from the stock’s previous close.

Total Energy Services Stock Down 0.5%

Shares of TSE TOT traded down C$0.11 on Friday, reaching C$22.79. 18,203 shares of the company’s stock traded hands, compared to its average volume of 107,544. Total Energy Services has a 12 month low of C$10.51 and a 12 month high of C$27.58. The business’s 50 day simple moving average is C$23.86 and its two-hundred day simple moving average is C$20.52. The company has a market cap of C$835.60 million, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 1.77 and a beta of 0.76. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 11.42.

Total Energy Services (TSE:TOT) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$0.65 EPS for the quarter. The firm had revenue of C$314.90 million for the quarter. Total Energy Services had a return on equity of 13.24% and a net margin of 7.04%. As a group, equities research analysts forecast that Total Energy Services will post 2.0517598 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Glenn Orval James Dagenais purchased 1,570 shares of Total Energy Services stock in a transaction dated Tuesday, June 16th. The stock was purchased at an average cost of C$22.08 per share, for a total transaction of C$34,665.60. Following the completion of the acquisition, the director directly owned 78,165 shares of the company’s stock, valued at C$1,725,883.20. The trade was a 2.05% increase in their ownership of the stock. Also, Director Daniel Kim Halyk purchased 5,000 shares of the stock in a transaction dated Wednesday, June 17th. The stock was bought at an average cost of C$22.00 per share, with a total value of C$110,000.00. Following the transaction, the director owned 860,000 shares in the company, valued at C$18,920,000. The trade was a 0.58% increase in their ownership of the stock. Over the last ninety days, insiders acquired 326,374 shares of company stock valued at $7,831,060. 7.73% of the stock is owned by insiders.

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.