Total Energy Services (TSE:TOT) Reaches New 1-Year High – What’s Next?

Shares of Total Energy Services Inc. (TSE:TOT) hit a new 52-week high on Tuesday . The company traded as high as C$22.79 and last traded at C$22.18, with a volume of 241617 shares. The stock had previously closed at C$22.05.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets increased their price objective on shares of Total Energy Services from C$20.00 to C$24.00 in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Total Energy Services presently has an average rating of “Buy” and a consensus target price of C$24.00.

Total Energy Services Stock Up 2.3%

The company has a debt-to-equity ratio of 13.67, a current ratio of 1.41 and a quick ratio of 1.09. The business’s fifty day moving average price is C$18.13 and its two-hundred day moving average price is C$15.69. The stock has a market capitalization of C$857.75 million, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.77 and a beta of 0.99.

Total Energy Services (TSE:TOT) last issued its earnings results on Tuesday, March 10th. The company reported C$1.50 earnings per share (EPS) for the quarter. The company 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%. On average, equities research analysts forecast that Total Energy Services Inc. will post 2.0517598 EPS for the current fiscal year.

Insider Activity at Total Energy Services

In other 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 stock was purchased at an average price of C$15.02 per share, with a total value of C$4,519,397.84. Following the completion of the acquisition, the insider directly owned 312,892 shares of the company’s stock, valued at C$4,699,637.84. This trade represents a 2,507.43% increase in their position. 7.73% of the stock is owned by company insiders.

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.