Total Energy Services (TSE:TOT) Price Target Raised to C$24.00

Total Energy Services (TSE:TOT) had its target price lifted by stock analysts at ATB Cormark Capital Markets from C$20.00 to C$24.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. ATB Cormark Capital Markets’ price target points to a potential upside of 20.30% from the company’s previous close.

Total Energy Services Stock Performance

Shares of TSE:TOT traded up C$0.93 during trading on Thursday, reaching C$19.95. The company had a trading volume of 160,965 shares, compared to its average volume of 57,262. Total Energy Services has a fifty-two week low of C$8.40 and a fifty-two week high of C$20.06. 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 stock’s fifty day moving average price is C$16.85 and its 200 day moving average price is C$15.09. The firm has a market capitalization of C$734.68 million, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 1.77 and a beta of 0.99.

Total Energy Services (TSE:TOT) last issued its quarterly earnings results on Tuesday, March 10th. The company reported C$1.50 earnings per share for the quarter. The firm 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%. As a group, equities research analysts predict that Total Energy Services will post 2.0517598 EPS for the current year.

Insider Buying and Selling

In other Total Energy Services news, insider Total Energy Services Inc bought 300,892 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was acquired 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 owned 312,892 shares in the company, valued at approximately C$4,699,637.84. This represents a 2,507.43% increase in their position. Also, Director Daniel Kim Halyk purchased 5,000 shares of the firm’s stock in a transaction that occurred on 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 purchase, the director owned 855,000 shares of the company’s stock, valued at approximately C$12,654,000. This represents a 0.59% increase in their ownership of the stock. Over the last three months, insiders have bought 307,462 shares of company stock valued at $4,617,356. Company insiders own 7.73% of the company’s stock.

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.