Total Energy Services (TSE:TOT) Hits New 1-Year High – Time to Buy?

Shares of Total Energy Services Inc. (TSE:TOT) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$17.68 and last traded at C$17.06, with a volume of 9749 shares changing hands. The stock had previously closed at C$17.38.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets decreased their target price on Total Energy Services from C$20.50 to C$20.00 and set an “outperform” rating on the stock in a research report on Friday, December 19th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$20.00.

Total Energy Services Stock Performance

The company has a current ratio of 1.40, a quick ratio of 1.09 and a debt-to-equity ratio of 27.27. The firm has a market capitalization of C$629.72 million, a PE ratio of 10.69, a PEG ratio of 1.77 and a beta of 1.09. The stock’s 50 day moving average price is C$15.74 and its two-hundred day moving average price is C$14.32.

Total Energy Services (TSE:TOT) last announced its earnings results on Wednesday, November 12th. The company reported C$0.38 EPS for the quarter. Total Energy Services had a return on equity of 7.84% and a net margin of 4.90%.The firm had revenue of C$260.70 million for the quarter. On average, equities analysts expect that Total Energy Services Inc. will post 2.0517598 earnings per share for the current year.

Insider Activity

In other news, Director Daniel Kim Halyk purchased 5,000 shares of the stock in a transaction dated Thursday, December 18th. The stock was acquired at an average cost of C$14.80 per share, for a total transaction of C$74,000.00. Following the completion of the acquisition, the director directly owned 855,000 shares in the company, valued at C$12,654,000. This represents a 0.59% increase in their position. Also, insider Total Energy Services Inc acquired 300,892 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was purchased at an average cost of C$15.02 per share, with a total value of C$4,519,397.84. Following the transaction, the insider owned 312,892 shares of the company’s stock, valued at approximately C$4,699,637.84. The trade was a 2,507.43% increase in their ownership of the stock. Insiders purchased a total of 309,062 shares of company stock valued at $4,639,470 in the last three months. 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.