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

Shares of Total Energy Services Inc. (TSE:TOT) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$15.60 and last traded at C$15.40, with a volume of 5476 shares trading hands. The stock had previously closed at C$15.08.

Analysts Set New Price Targets

Separately, ATB Capital dropped their target price on 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 investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$20.00.

Total Energy Services Price Performance

The company has a current ratio of 1.40, a quick ratio of 1.09 and a debt-to-equity ratio of 27.27. The firm has a market capitalization of C$563.07 million, a price-to-earnings ratio of 9.56, a P/E/G ratio of 1.77 and a beta of 0.98. The company’s 50 day moving average is C$14.50 and its 200-day moving average is C$13.13.

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

Insider Activity

In related news, Director Daniel Kim Halyk bought 5,000 shares of the business’s stock in a transaction dated Thursday, December 18th. The stock was bought at an average price of C$14.80 per share, for a total transaction of C$74,000.00. Following the purchase, the director owned 855,000 shares in the company, valued at C$12,654,000. This represents a 0.59% increase in their position. Also, insider Gurmeet Kaur Bhatia purchased 3,852 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The stock was bought at an average price of C$14.27 per share, for a total transaction of C$54,968.04. Following the purchase, the insider owned 5,843 shares in the company, valued at C$83,379.61. The trade was a 193.47% increase in their position. Insiders bought 10,452 shares of company stock worth $151,082 over the last three months. 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.