Total Energy Services (TSE:TOT) Price Target Cut to C$20.00 by Analysts at ATB Capital

Total Energy Services (TSE:TOT) had its target price reduced by analysts at ATB Capital from C$20.50 to C$20.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Capital’s target price indicates a potential upside of 31.49% from the stock’s previous close.

Total Energy Services Trading Up 2.6%

Total Energy Services stock traded up C$0.38 during trading hours on Friday, reaching C$15.21. 38,467 shares of the company’s stock traded hands, compared to its average volume of 57,973. The firm has a market capitalization of C$560.12 million, a price-to-earnings ratio of 9.51, a PEG ratio of 1.77 and a beta of 0.98. The company has a debt-to-equity ratio of 27.27, a quick ratio of 1.09 and a current ratio of 1.40. Total Energy Services has a fifty-two week low of C$8.40 and a fifty-two week high of C$15.59. The firm’s 50 day moving average is C$14.28 and its 200-day moving average is C$12.90.

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

Insider Buying and Selling at Total Energy Services

In related news, insider Gurmeet Kaur Bhatia bought 3,852 shares of the business’s stock in a transaction on Tuesday, October 7th. The shares were purchased at an average price of C$14.27 per share, with a total value of C$54,968.04. Following the completion of the purchase, the insider owned 5,843 shares of the company’s stock, valued at C$83,379.61. This represents a 193.47% increase in their position. Also, Director Daniel Kim Halyk bought 5,000 shares of Total Energy Services stock in a transaction on Thursday, December 18th. The shares were bought at an average price of C$14.80 per share, for a total transaction of C$74,000.00. Following the acquisition, the director owned 855,000 shares of the company’s stock, valued at approximately C$12,654,000. The trade was a 0.59% increase in their position. Insiders bought a total of 10,452 shares of company stock worth $151,082 over the last 90 days. 7.73% of the stock is 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.