Total Energy Services (TSE:TOT) Hits New 52-Week High – Still a Buy?

Total Energy Services Inc. (TSE:TOT)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$26.20 and last traded at C$25.00, with a volume of 453514 shares changing hands. The stock had previously closed at C$23.56.

Wall Street Analyst Weigh In

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

Total Energy Services Stock Up 3.2%

The business’s 50 day moving average is C$22.30 and its 200-day moving average is C$17.94. The company has a debt-to-equity ratio of 11.42, a quick ratio of 1.09 and a current ratio of 1.35. The firm has a market capitalization of C$956.35 million, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 1.77 and a beta of 0.54.

Total Energy Services (TSE:TOT) last posted its earnings results 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 7.04% and a return on equity of 13.24%. The business had revenue of C$301.71 million for the quarter. Equities analysts anticipate that Total Energy Services Inc. will post 2.0517598 EPS for the current fiscal year.

Total Energy Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.8%. The ex-dividend date was Tuesday, March 31st. Total Energy Services’s dividend payout ratio (DPR) is currently 20.51%.

Insider Buying and Selling

In other Total Energy Services news, insider Bradley John Macson sold 33,000 shares of the firm’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of C$22.96, for a total value of C$757,680.00. Following the sale, the insider directly owned 167,823 shares in the company, valued at C$3,853,216.08. This trade represents a 16.43% decrease in their position. Also, insider William John George Kosich sold 18,000 shares of the firm’s stock in a transaction on Thursday, March 26th. The stock was sold at an average price of C$23.60, for a total transaction of C$424,800.00. Following the completion of the sale, the insider owned 225,211 shares in the company, valued at C$5,314,979.60. This represents a 7.40% decrease in their ownership of the stock. Over the last ninety days, insiders acquired 49,908 shares of company stock worth $1,091,906. 7.73% of the stock is currently owned by corporate insiders.

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.