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

Total Energy Services Inc. (TSE:TOT)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as C$31.65 and last traded at C$31.51, with a volume of 55183 shares traded. The stock had previously closed at C$31.43.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets raised 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 note on Friday, July 10th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$33.00.

Total Energy Services Stock Up 0.5%

The business’s fifty day simple moving average is C$24.90 and its two-hundred day simple moving average is C$23.08. The company has a market cap of C$1.15 billion, a PE ratio of 13.27, a PEG ratio of 1.77 and a beta of 0.74. The company has a debt-to-equity ratio of 8.05, a current ratio of 1.24 and a quick ratio of 1.09.

Total Energy Services (TSE:TOT) last posted its earnings results on Wednesday, August 12th. The company reported C$0.72 earnings per share (EPS) for the quarter. Total Energy Services had a net margin of 7.38% and a return on equity of 14.51%. The business had revenue of C$328.96 million for 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 other Total Energy Services news, 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 bought at an average price of C$24.01 per share, with a total value of C$7,558,444.04. Following the acquisition, the insider owned 326,814 shares of the company’s stock, valued at C$7,846,804.14. This trade represents a 2,621.18% increase in their position. Also, Director Daniel Kim Halyk purchased 5,000 shares of the stock in a transaction 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 transaction, the director directly owned 860,000 shares of the company’s stock, valued at C$18,920,000. This represents a 0.58% increase in their position. In the last ninety days, insiders have acquired 322,684 shares of company stock worth $7,738,701 and have sold 120,800 shares worth $2,761,350. 7.73% of the stock is owned by company 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.