Total Energy Services (TSE:TOT) Reaches New 12-Month High – Here’s Why

Total Energy Services Inc. (TSE:TOT) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$21.85 and last traded at C$21.66, with a volume of 147552 shares changing hands. The stock had previously closed at C$21.02.

Analyst Upgrades and Downgrades

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

Total Energy Services Price Performance

The company’s fifty day moving average is C$17.30 and its two-hundred day moving average is C$15.32. The firm has a market capitalization of C$797.65 million, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 1.77 and a beta of 0.99. The company has a quick ratio of 1.09, a current ratio of 1.41 and a debt-to-equity ratio of 13.67.

Total Energy Services (TSE:TOT) last announced its quarterly earnings data on Tuesday, March 10th. The company reported C$1.50 earnings per share (EPS) for the quarter. Total Energy Services had a net margin of 6.97% and a return on equity of 12.57%. The firm had revenue of C$301.71 million for the quarter. Equities research analysts anticipate that Total Energy Services Inc. will post 2.0517598 earnings per share for the current fiscal year.

Insider Buying and Selling at Total Energy Services

In related news, insider Total Energy Services Inc purchased 300,892 shares of Total Energy Services stock in a transaction dated Wednesday, December 31st. The shares were acquired at an average cost of C$15.02 per share, for a total transaction of C$4,519,397.84. Following the transaction, the insider directly owned 312,892 shares of the company’s stock, valued at approximately C$4,699,637.84. This trade represents a 2,507.43% increase in their ownership of the stock. Also, Director Daniel Kim Halyk acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were bought at an average cost of C$14.80 per share, with a total value of C$74,000.00. Following the completion of the purchase, the director owned 855,000 shares of the company’s stock, valued at C$12,654,000. This trade represents a 0.59% increase in their ownership of the stock. Insiders bought a total of 307,462 shares of company stock worth $4,617,356 over the last 90 days. 7.73% of the stock is owned by corporate 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.