Total Energy Services (TSE:TOT) Hits New 1-Year High – Time to Buy?

Total Energy Services Inc. (TSE:TOT) shares hit a new 52-week high during mid-day trading on Monday. The stock traded as high as C$37.94 and last traded at C$37.77, with a volume of 77,728 shares changing hands. The stock had previously closed at C$36.44.

Analyst Upgrades and Downgrades

TOT has been the subject of a number of research analyst reports. Royal Bank Of Canada set a C$41.00 price objective on Total Energy Services and gave the stock a “hold” rating in a research report on Thursday, September 24th. ATB Cormark Capital Markets raised their price objective on Total Energy Services from C$36.50 to C$42.00 and gave the company an “outperform” rating in a research note on Thursday, September 24th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$41.50.

Total Energy Services Trading Up 2.9%

The business’s 50 day simple moving average is C$33.79 and its two-hundred day simple moving average is C$27.18. The stock has a market cap of C$1.41 billion, a P/E ratio of 16.29, a PEG ratio of 1.77 and a beta of 0.67. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 8.05.

Total Energy Services (TSE:TOT) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$0.72 EPS for the quarter. Total Energy Services had a return on equity of 14.51% and a net margin of 7.38%. The company had revenue of C$328.96 million during the quarter. As a group, analysts expect that Total Energy Services Inc. will post 2.05 EPS for the current year.

Total Energy Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Thursday, October 15th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 29th. Total Energy Services’s dividend payout ratio is presently 18.49%.

Insider Transactions at Total Energy Services

In other news, insider Total Energy Services Inc purchased 312,412 shares of Total Energy Services stock in a transaction dated Tuesday, September 29th. The shares were bought at an average cost of C$34.43 per share, for a total transaction of C$10,756,345.16. Following the completion of the acquisition, the insider owned 322,412 shares in the company, valued at approximately C$11,100,645.16. This trade represents a 3,124.12% increase in their position. Also, insider Bradley John Macson sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of C$30.21, for a total value of C$604,200.00. Following the completion of the transaction, the insider directly owned 185,744 shares of the company’s stock, valued at C$5,611,326.24. This represents a 9.72% decrease in their position. Over the last three months, insiders have bought 314,317 shares of company stock valued at $10,820,457 and have sold 33,800 shares valued at $780,360. 7.73% of the stock is currently owned by 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.