Total Energy Services (TSE:TOT) Reaches New 52-Week High – Should You Buy?

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

Wall Street Analyst Weigh In

Separately, ATB Capital cut their price objective on shares of 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 equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Total Energy Services has an average rating of “Buy” and a consensus price target of C$20.00.

Total Energy Services Price Performance

The stock 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’s 50 day moving average is C$15.45 and its 200 day moving average is C$14.07. The company has a debt-to-equity ratio of 27.27, a current ratio of 1.40 and a quick ratio of 1.09.

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

Insiders Place Their Bets

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