Total Energy Services (TSE:TOT) Sets New 12-Month High – Still a Buy?

Total Energy Services Inc. (TSE:TOT)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$31.44 and last traded at C$31.44, with a volume of 135904 shares traded. The stock had previously closed at C$30.50.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets lifted their price objective on Total Energy Services from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$33.00.

Total Energy Services Price Performance

The company has a market capitalization of C$1.15 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.77 and a beta of 0.74. The company has a debt-to-equity ratio of 8.05, a current ratio of 1.24 and a quick ratio of 1.09. The company’s 50 day simple moving average is C$24.06 and its 200 day simple moving average is C$22.57.

Total Energy Services (TSE:TOT) last posted its earnings results on Wednesday, August 12th. The company reported C$0.72 EPS for the quarter. Total Energy Services had a net margin of 7.38% and a return on equity of 14.51%. The firm had revenue of C$328.96 million for the quarter. As a group, sell-side analysts predict that Total Energy Services Inc. will post 2.0517598 earnings per share for the current year.

Insider Activity at Total Energy Services

In other news, Director Daniel Kim Halyk acquired 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The stock was acquired at an average cost of C$22.00 per share, with a total value of C$110,000.00. Following the completion of the acquisition, the director owned 860,000 shares of the company’s stock, valued at C$18,920,000. The trade was a 0.58% increase in their ownership of the stock. Also, insider Total Energy Services Inc bought 314,804 shares of the stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average price of C$24.01 per share, for a total transaction of C$7,558,444.04. Following the completion of the transaction, the insider owned 326,814 shares of the company’s stock, valued at approximately C$7,846,804.14. The trade was a 2,621.18% increase in their position. Over the last 90 days, insiders have acquired 327,684 shares of company stock valued at $7,866,651 and have sold 108,800 shares valued at $2,640,630. 7.73% of the stock is currently 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.