Total Energy Services (TSE:TOT) Reaches New 1-Year High on Analyst Upgrade

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

Insider Activity

In other Total Energy Services news, insider Total Energy Services Inc acquired 300,892 shares of Total Energy Services stock in a transaction on 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 completion of the purchase, the insider owned 312,892 shares in the company, valued at C$4,699,637.84. The trade was a 2,507.43% increase in their ownership of the stock. Also, Director Daniel Kim Halyk bought 5,000 shares of the stock in a transaction on Thursday, December 18th. The shares were acquired at an average cost of C$14.80 per share, with a total value of C$74,000.00. Following the acquisition, the director directly owned 855,000 shares in the company, valued at approximately C$12,654,000. This trade represents a 0.59% increase in their position. In the last quarter, insiders purchased 307,462 shares of company stock worth $4,617,356. 7.73% of the stock is owned by company insiders.

Total Energy Services Stock Up 2.6%

The business has a fifty day moving average of C$17.05 and a 200 day moving average of C$15.17. The company has a quick ratio of 1.09, a current ratio of 1.41 and a debt-to-equity ratio of 13.67. The firm has a market cap of C$747.94 million, a P/E ratio of 12.69, a P/E/G 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 firm had revenue of C$301.71 million for 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 predict that Total Energy Services Inc. will post 2.0517598 EPS for the current year.

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.