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

Shares of Total Energy Services Inc. (TSE:TOT) reached a new 52-week high during trading on Wednesday . The company traded as high as C$34.43 and last traded at C$34.05, with a volume of 289804 shares traded. The stock had previously closed at C$32.88.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets raised their price target on shares of 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, According to MarketBeat.com, Total Energy Services currently has an average rating of “Buy” and an average price target of C$33.00.

Total Energy Services Stock Performance

The company has a market cap of C$1.24 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 1.77 and a beta of 0.81. The firm’s 50 day simple moving average is C$26.61 and its 200-day simple moving average is C$23.94. The company has a debt-to-equity ratio of 8.05, a quick ratio of 1.09 and a current ratio of 1.24.

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

Insider Transactions at Total Energy Services

In related news, Director Daniel Kim Halyk purchased 5,000 shares of Total Energy Services stock in a transaction dated Wednesday, June 17th. The shares were acquired at an average price of C$22.00 per share, for a total transaction of C$110,000.00. Following the acquisition, the director directly owned 860,000 shares in the company, valued at approximately C$18,920,000. The trade was a 0.58% increase in their ownership of the stock. Also, insider Bradley John Macson sold 12,000 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of C$10.06, for a total transaction of C$120,720.00. Following the transaction, the insider directly owned 190,305 shares in the company, valued at approximately C$1,914,468.30. The trade was a 5.93% decrease in their position. In the last 90 days, insiders have acquired 322,684 shares of company stock valued at $7,738,701 and have sold 120,800 shares valued at $2,761,350. Company 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.