Total Energy Services (TSE:TOT) Given a C$41.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada assigned Total Energy Services a C$41.00 price target and “sector perform” rating, implying 11.78% upside from the previous close.
• Analyst sentiment is moderately bullish: ATB Cormark raised its target to C$33.00 with an “outperform” rating, while the consensus rating is “Moderate Buy” with an average target of C$41.50.
• Total Energy Services reported quarterly EPS of C$0.72 on revenue of C$328.96 million. The stock recently traded at C$36.68, near its 52-week high of C$37.90.

Total Energy Services (TSE:TOT - Get Free Report) has been given a C$41.00 target price by Royal Bank Of Canada in a report issued on Thursday, BayStreet reports. The brokerage currently has a "sector perform" rating on the stock. Royal Bank Of Canada's price target indicates a potential upside of 11.78% from the company's previous close.

Separately, ATB Cormark Capital Markets increased their price objective on Total Energy Services from C$32.00 to C$33.00 and gave the company an "outperform" rating in a report on Friday, July 10th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of C$41.50.

Total Energy Services Stock Performance

Shares of TOT traded up C$0.38 on Thursday, reaching C$36.68. 167,667 shares of the company's stock traded hands, compared to its average volume of 123,350. The stock's 50 day simple moving average is C$29.47 and its two-hundred day simple moving average is C$25.30. The stock has a market cap of C$1.34 billion, a PE ratio of 15.41, a PEG ratio of 1.77 and a beta of 0.81. Total Energy Services has a 52-week low of C$13.00 and a 52-week high of C$37.90. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 8.05.

Total Energy Services (TSE:TOT - Get Free Report) last announced its quarterly earnings data 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 during the quarter. On average, analysts forecast 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 Total Energy Services stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 190,305 shares in the company, valued at C$1,914,468.30. The trade was a 5.93% decrease in their ownership of the stock. Also, insider Total Energy Services Inc bought 314,804 shares of the business's stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average price of C$24.01 per share, with a total value of C$7,558,444.04. Following the completion of the transaction, the insider directly owned 326,814 shares of the company's stock, valued at C$7,846,804.14. This represents a 2,621.18% increase in their position. Over the last ninety days, insiders have purchased 317,319 shares of company stock worth $7,636,909 and have sold 33,800 shares worth $780,360. Corporate 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.

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