Total Energy Services (TSE:TOT) Hits New 1-Year High Following Analyst Upgrade

Total Energy Services Inc. (TSE:TOT) shares reached a new 52-week high on Thursday after ATB Cormark Capital Markets raised their price target on the stock from C$20.00 to C$24.00. The company traded as high as C$19.82 and last traded at C$19.73, with a volume of 50275 shares changing hands. The stock had previously closed at C$19.02.

Insider Transactions at Total Energy Services

In related news, Director Daniel Kim Halyk bought 5,000 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were 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 purchase, the director directly owned 855,000 shares in the company, valued at C$12,654,000. The trade was a 0.59% increase in their ownership of the stock. Also, insider Total Energy Services Inc bought 300,892 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was bought at an average price of C$15.02 per share, for a total transaction of C$4,519,397.84. Following the completion of the purchase, 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. Insiders have purchased 307,462 shares of company stock valued at $4,617,356 in the last 90 days. 7.73% of the stock is currently owned by corporate insiders.

Total Energy Services Trading Up 2.6%

The firm has a 50 day moving average of C$17.05 and a 200 day moving average of C$15.17. The firm has a market cap of C$747.94 million, a PE ratio of 12.69, a P/E/G ratio of 1.77 and a beta of 0.99. The company has a quick ratio of 1.09, a current ratio of 1.41 and a debt-to-equity ratio of 13.67.

Total Energy Services (TSE:TOT) last released its earnings results on Tuesday, March 10th. The company reported C$1.50 earnings per share (EPS) for the quarter. The business had revenue of C$301.71 million during the quarter. Total Energy Services had a return on equity of 12.57% and a net margin of 6.97%. Equities analysts anticipate that Total Energy Services Inc. will post 2.0517598 earnings per share for the current year.

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.