Total Energy Services (TSE:TOT) Hits New 1-Year High – Here’s What Happened

Shares of Total Energy Services Inc. (TSE:TOT) reached a new 52-week high on Wednesday . The stock traded as high as C$16.22 and last traded at C$16.02, with a volume of 3912 shares. The stock had previously closed at C$15.86.

Analyst Ratings Changes

Separately, ATB Capital dropped their target price on shares of Total Energy Services from C$20.50 to C$20.00 and set an “outperform” rating for the company in a research report on Friday, December 19th. One 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 stock has a market capitalization of C$594.00 million, a PE ratio of 10.08, a PEG ratio of 1.77 and a beta of 1.04. The business’s 50 day moving average is C$14.92 and its 200 day moving average is C$13.64. The company has a current ratio of 1.40, a quick ratio of 1.09 and a debt-to-equity ratio of 27.27.

Total Energy Services (TSE:TOT) last posted 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 firm had revenue of C$260.70 million for the quarter. On average, equities research analysts predict that Total Energy Services Inc. will post 2.0517598 earnings per share for the current fiscal year.

Insider Buying and Selling at Total Energy Services

In other news, insider Total Energy Services Inc purchased 300,892 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were purchased at an average price of C$15.02 per share, for a total transaction of C$4,519,397.84. Following the completion of the purchase, the insider owned 312,892 shares in the company, valued at approximately C$4,699,637.84. This represents a 2,507.43% increase in their position. Also, 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, with a total value of C$74,000.00. Following the transaction, the director directly owned 855,000 shares in the company, valued at approximately C$12,654,000. This trade represents a 0.59% increase in their position. Insiders acquired a total of 307,492 shares of company stock valued at $4,615,512 over the last quarter. Company 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.