Total Energy Services (TSE:TOT) Reaches New 1-Year High – Here’s Why

Shares of Total Energy Services Inc. (TSE:TOT) reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$16.89 and last traded at C$16.87, with a volume of 22669 shares trading hands. The stock had previously closed at C$16.25.

Wall Street Analyst Weigh In

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

Total Energy Services Stock Up 4.2%

The firm has a market cap of C$623.46 million, a price-to-earnings ratio of 10.58, a PEG ratio of 1.77 and a beta of 1.09. The company has a quick ratio of 1.09, a current ratio of 1.40 and a debt-to-equity ratio of 27.27. The firm has a fifty day moving average price of C$15.45 and a 200-day moving average price of C$14.07.

Total Energy Services (TSE:TOT) last released its earnings results on Wednesday, November 12th. The company reported C$0.38 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 during the quarter. As a group, sell-side analysts forecast that Total Energy Services Inc. will post 2.0517598 EPS for the current year.

Insider Activity

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