Total Energy Services (TSE:TOT) Stock Price Expected to Rise, ATB Capital Analyst Says

Total Energy Services (TSE:TOT) had its target price increased by equities researchers at ATB Capital from C$18.00 to C$19.50 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Capital’s price objective points to a potential upside of 38.99% from the stock’s previous close.

Total Energy Services Stock Performance

Total Energy Services stock opened at C$14.03 on Thursday. The business has a 50 day moving average of C$13.56 and a 200-day moving average of C$11.54. Total Energy Services has a 1 year low of C$8.40 and a 1 year high of C$14.74. The company has a debt-to-equity ratio of 27.27, a current ratio of 1.40 and a quick ratio of 1.09. The company has a market capitalization of C$516.67 million, a P/E ratio of 8.25, a P/E/G ratio of 1.77 and a beta of 1.18.

Insider Activity

In related news, insider Total Energy Services Inc bought 148,923 shares of Total Energy Services stock in a transaction that occurred on Friday, August 29th. The shares were acquired at an average cost of C$12.59 per share, for a total transaction of C$1,874,925.68. Following the completion of the acquisition, the insider directly owned 148,923 shares of the company’s stock, valued at approximately C$1,874,925.68. The trade was a ∞ increase in their position. Also, Director Daniel Kim Halyk bought 3,500 shares of Total Energy Services stock in a transaction that occurred on Wednesday, September 3rd. The stock was bought at an average price of C$13.10 per share, for a total transaction of C$45,850.00. Following the completion of the acquisition, the director directly owned 2,145,000 shares of the company’s stock, valued at C$28,099,500. The trade was a 0.16% increase in their ownership of the stock. Insiders bought 157,275 shares of company stock valued at $1,988,654 over the last quarter. 7.73% of the stock is owned by company 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.