Total Energy Services (TSE:TOT) Hits New 12-Month High – Still a Buy?

Total Energy Services Inc. (TSE:TOT) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$16.75 and last traded at C$16.60, with a volume of 35604 shares. The stock had previously closed at C$16.25.

Wall Street Analyst Weigh In

Separately, ATB Capital lowered 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 report on Friday, December 19th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$20.00.

Total Energy Services Stock Performance

The firm’s 50 day moving average is C$15.23 and its 200-day moving average is C$13.88. The stock has a market capitalization of C$605.05 million, a price-to-earnings ratio of 10.27, a PEG ratio of 1.77 and a beta of 1.04. The company has a debt-to-equity ratio of 27.27, a quick ratio of 1.09 and a current ratio of 1.40.

Total Energy Services (TSE:TOT) last released its quarterly earnings data on Wednesday, November 12th. The company reported C$0.38 earnings per share 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%. Analysts forecast that Total Energy Services Inc. will post 2.0517598 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Total Energy Services Inc purchased 300,892 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were purchased at an average price of C$15.02 per share, with a total value of C$4,519,397.84. Following the purchase, the insider owned 312,892 shares of the company’s stock, valued at C$4,699,637.84. The trade was a 2,507.43% increase in their ownership of the stock. Also, Director Daniel Kim Halyk purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was bought at an average cost of C$14.80 per share, with a total value of C$74,000.00. Following the acquisition, the director owned 855,000 shares in the company, valued at C$12,654,000. This represents a 0.59% increase in their position. Insiders have bought a total of 309,062 shares of company stock worth $4,639,470 in the last quarter. Insiders own 7.73% of the company’s stock.

Total Energy Services Company Profile

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.