Total Energy Services (TSE:TOT) Sets New 52-Week High – Here’s What Happened

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$27.58 and last traded at C$26.75, with a volume of 323660 shares changing hands. The stock had previously closed at C$26.05.

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 note on Thursday, March 12th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$24.00.

Total Energy Services Stock Up 2.7%

The firm has a 50 day moving average price of C$22.60 and a 200-day moving average price of C$18.14. The company has a current ratio of 1.35, a quick ratio of 1.09 and a debt-to-equity ratio of 11.42. The firm has a market cap of C$982.05 million, a PE ratio of 12.68, a PEG ratio of 1.77 and a beta of 0.54.

Total Energy Services (TSE:TOT) last posted its earnings results on Tuesday, May 12th. The company reported C$0.65 earnings per share for the quarter. The firm had revenue of C$314.90 million during the quarter. Total Energy Services had a return on equity of 13.24% and a net margin of 7.04%. Research analysts forecast that Total Energy Services Inc. will post 2.0517598 EPS for the current fiscal year.

Total Energy Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were paid a dividend of $0.12 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.48 annualized dividend and a yield of 1.8%. Total Energy Services’s payout ratio is presently 19.91%.

Insider Activity

In other Total Energy Services news, Director Glenn Orval James Dagenais bought 1,570 shares of the firm’s stock in a transaction that occurred on Monday, March 30th. The stock was purchased at an average price of C$23.47 per share, for a total transaction of C$36,847.90. Following the completion of the purchase, the director directly owned 76,595 shares in the company, valued at C$1,797,684.65. This trade represents a 2.09% increase in their ownership of the stock. Also, insider William John George Kosich sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of C$23.60, for a total value of C$424,800.00. Following the sale, the insider owned 225,211 shares of the company’s stock, valued at approximately C$5,314,979.60. The trade was a 7.40% decrease in their position. Insiders have bought 49,908 shares of company stock valued at $1,091,906 over the last 90 days. 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.