Total Energy Services (TSE:TOT) Reaches New 12-Month High – Time to Buy?

Shares of Total Energy Services Inc. (TSE:TOT) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$32.79 and last traded at C$32.57, with a volume of 143231 shares changing hands. The stock had previously closed at C$32.24.

Wall Street Analysts Forecast Growth

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

Total Energy Services Stock Performance

The business has a 50 day moving average of C$26.15 and a 200-day moving average of C$23.67. The company has a debt-to-equity ratio of 8.05, a quick ratio of 1.09 and a current ratio of 1.24. The company has a market capitalization of C$1.20 billion, a P/E ratio of 13.82, a price-to-earnings-growth ratio of 1.77 and a beta of 0.81.

Total Energy Services (TSE:TOT) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$0.72 earnings per share (EPS) for the quarter. The firm had revenue of C$328.96 million for the quarter. Total Energy Services had a net margin of 7.38% and a return on equity of 14.51%. On average, sell-side analysts predict that Total Energy Services Inc. will post 2.0517598 EPS for the current fiscal year.

Insider Activity at Total Energy Services

In other Total Energy Services news, Director Daniel Kim Halyk bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were bought 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 in the company, valued at C$18,920,000. This trade represents a 0.58% increase in their ownership of the stock. Also, insider William John George Kosich sold 87,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of C$22.77, for a total value of C$1,980,990.00. Following the completion of the sale, the insider directly owned 172,221 shares of the company’s stock, valued at approximately C$3,921,472.17. This trade represents a 33.56% decrease in their position. In the last quarter, insiders bought 322,684 shares of company stock worth $7,738,701 and sold 120,800 shares worth $2,761,350. 7.73% of the stock is currently owned by corporate 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.