ATB Cormark Capital Markets Forecasts Strong Price Appreciation for Total Energy Services (TSE:TOT) Stock

Key Points

• ATB Cormark raised Total Energy Services’ price target to C$42.00 from C$36.50 and maintained an “outperform” rating, implying 14.5% upside from the previous close.
• Analyst sentiment is broadly positive, with a “Moderate Buy” consensus rating and an average target price of C$41.50; RBC separately assigned a C$41.00 target and “sector perform” rating.
• Total Energy Services reported quarterly EPS of C$0.72 on revenue of C$328.96 million, while its shares rose 1% to C$36.68 and traded near their 52-week high of C$37.90.

Total Energy Services (TSE:TOT - Get Free Report) had its price target increased by stock analysts at ATB Cormark Capital Markets from C$36.50 to C$42.00 in a research note issued on Thursday, BayStreet reports. The brokerage currently has an "outperform" rating on the stock. ATB Cormark Capital Markets' target price would suggest a potential upside of 14.50% from the stock's previous close.

Separately, Royal Bank Of Canada set a C$41.00 target price on shares of Total Energy Services and gave the stock a "sector perform" rating in a research report on Thursday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$41.50.

Total Energy Services Trading Up 1.0%

Shares of TSE:TOT traded up C$0.38 during trading on Thursday, reaching C$36.68. The stock had a trading volume of 167,667 shares, compared to its average volume of 123,350. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 8.05. The stock has a market cap of C$1.34 billion, a P/E ratio of 15.41, a PEG ratio of 1.77 and a beta of 0.81. The business has a fifty day moving average price of C$29.47 and a 200-day moving average price of C$25.30. Total Energy Services has a fifty-two week low of C$13.00 and a fifty-two week high of C$37.90.

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

Insiders Place Their Bets

In other Total Energy Services news, insider Bradley John Macson sold 12,000 shares of the company's stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of C$10.06, for a total value of C$120,720.00. Following the transaction, the insider directly owned 190,305 shares of the company's stock, valued at C$1,914,468.30. This represents a 5.93% decrease in their position. Also, Director Kenneth Brandon Mullen bought 1,205 shares of the business's stock in a transaction on Monday, September 21st. The stock was acquired at an average cost of C$35.58 per share, for a total transaction of C$42,873.90. Following the completion of the transaction, the director owned 26,015 shares in the company, valued at C$925,613.70. This represents a 4.86% increase in their ownership of the stock. Over the last 90 days, insiders have purchased 317,319 shares of company stock valued at $7,636,909 and have sold 33,800 shares valued at $780,360. 7.73% of the stock is owned by 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.

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