Insider Buying: Total Energy Services (TSE:TOT) Director Buys 1,600 Shares of Stock

Key Points

• Director George Chow purchased 1,600 shares on March 27 at an average price of C$23.19 (C$37,104 total), raising his direct stake to 59,560 shares—a 2.76% increase in ownership.
• TOT stock rose 0.9% to C$23.34 on Friday with volume of 170,559 (well above its 73,937 average); the company has a market cap of C$850.46M, a P/E of 11.97, and a 52-week range of C$8.40–C$23.80.
• Total Energy reported quarterly EPS of C$1.50 and revenue of C$301.71M, and analysts (including ATB Cormark) have a consensus "Buy" with a C$24.00 target after ATB raised its price objective from C$20.00.

Total Energy Services Inc. (TSE:TOT - Get Free Report) Director George Chow purchased 1,600 shares of the business's stock in a transaction that occurred on Friday, March 27th. The stock was bought at an average price of C$23.19 per share, for a total transaction of C$37,104.00. Following the purchase, the director directly owned 59,560 shares in the company, valued at C$1,381,196.40. The trade was a 2.76% increase in their ownership of the stock.

Total Energy Services Stock Up 0.9%

TOT stock traded up C$0.21 on Friday, reaching C$23.34. 170,559 shares of the company traded hands, compared to its average volume of 73,937. The firm has a fifty day simple moving average of C$18.28 and a 200-day simple moving average of C$15.74. The company has a market cap of C$850.46 million, a P/E ratio of 11.97, a price-to-earnings-growth ratio of 1.77 and a beta of 0.99. Total Energy Services Inc. has a one year low of C$8.40 and a one year high of C$23.80. The company has a debt-to-equity ratio of 13.67, a current ratio of 1.41 and a quick ratio of 1.09.

Total Energy Services (TSE:TOT - Get Free Report) last released its earnings results on Tuesday, March 10th. The company reported C$1.50 EPS for the quarter. Total Energy Services had a return on equity of 12.57% and a net margin of 6.97%.The business had revenue of C$301.71 million for the quarter. Research analysts anticipate that Total Energy Services Inc. will post 2.0517598 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets increased their price objective on shares of Total Energy Services from C$20.00 to C$24.00 in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$24.00.

About Total Energy Services

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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