Total Energy Services (TSE:TOT) Sets New 12-Month High – What’s Next?

Total Energy Services Inc. (TSE:TOT)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$29.38 and last traded at C$29.24, with a volume of 51500 shares traded. The stock had previously closed at C$25.31.

Analysts Set New Price Targets

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

Total Energy Services Stock Performance

The firm has a market cap of C$1.13 billion, a P/E ratio of 14.63, a P/E/G ratio of 1.77 and a beta of 0.74. The company has a debt-to-equity ratio of 8.05, a quick ratio of 1.09 and a current ratio of 1.24. The company’s 50 day moving average is C$23.58 and its 200 day moving average is C$22.13.

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

Insider Activity

In related news, insider Total Energy Services Inc acquired 314,804 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were purchased 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 acquisition, the insider owned 326,814 shares of the company’s stock, valued at approximately C$7,846,804.14. This trade represents a 2,621.18% increase in their ownership of the stock. Also, insider William John George Kosich sold 87,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of C$22.77, for a total value of C$1,980,990.00. Following the transaction, the insider directly owned 172,221 shares in the company, valued at approximately C$3,921,472.17. This trade represents a 33.56% decrease in their ownership of the stock. Insiders have acquired 327,684 shares of company stock worth $7,866,651 in the last three months. Corporate insiders own 7.73% of the company’s stock.

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.