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

Total Energy Services Inc. (TSE:TOT)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as C$16.22 and last traded at C$16.02, with a volume of 3912 shares traded. The stock had previously closed at C$15.86.

Wall Street Analyst Weigh In

Separately, ATB Capital reduced their price objective on Total Energy Services from C$20.50 to C$20.00 and set an “outperform” rating for the company in a research note on Friday, December 19th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Total Energy Services presently has an average rating of “Buy” and a consensus price target of C$20.00.

Total Energy Services Trading Up 1.7%

The firm’s fifty day moving average price is C$14.92 and its two-hundred day moving average price is C$13.64. The stock has a market cap of C$594.00 million, a P/E ratio of 10.08, a PEG ratio of 1.77 and a beta of 1.04. The company has a debt-to-equity ratio of 27.27, a current ratio of 1.40 and a quick ratio of 1.09.

Total Energy Services (TSE:TOT) last announced its earnings results on Wednesday, November 12th. The company reported C$0.38 earnings per share (EPS) 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%. As a group, equities research analysts forecast that Total Energy Services Inc. will post 2.0517598 EPS for the current year.

Insider Transactions at Total Energy Services

In other Total Energy Services news, Director Daniel Kim Halyk bought 5,000 shares of the stock in a transaction dated Thursday, December 18th. The stock was purchased at an average cost of C$14.80 per share, for a total transaction of C$74,000.00. Following the completion of the acquisition, the director owned 855,000 shares of the company’s stock, valued at approximately C$12,654,000. This trade represents a 0.59% increase in their ownership of the stock. Also, insider Total Energy Services Inc acquired 300,892 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were purchased at an average cost of C$15.02 per share, for a total transaction of C$4,519,397.84. Following the completion of the transaction, the insider directly owned 312,892 shares in the company, valued at C$4,699,637.84. The trade was a 2,507.43% increase in their position. Over the last three months, insiders purchased 307,492 shares of company stock valued at $4,615,512. 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.