Insider Buying: Total Energy Services (TSE:TOT) Director Purchases 1,570 Shares of Stock

Key Points

• Director Glenn Orval James Dagenais bought 1,570 shares at an average price of C$23.47 (C$36,847.90), boosting his holdings to 76,595 shares — a 2.09% increase worth roughly C$1.80 million.
• The stock traded down C$0.38 (about -1.6%) to C$23.01 on Monday with volume of 129,042 shares, well above its average volume of 75,985.
• Analyst sentiment is positive: ATB Cormark raised its target from C$20 to C$24, and MarketBeat shows a consensus rating of Buy with a consensus price target of C$24.00.

Total Energy Services Inc. (TSE:TOT - Get Free Report) Director Glenn Orval James Dagenais purchased 1,570 shares of the business's stock in a transaction dated Monday, March 30th. The stock was bought at an average price of C$23.47 per share, for a total transaction of C$36,847.90. Following the completion of the acquisition, the director directly owned 76,595 shares in the company, valued at approximately C$1,797,684.65. This trade represents a 2.09% increase in their position.

Total Energy Services Stock Down 1.6%

Shares of TSE TOT traded down C$0.38 during mid-day trading on Monday, reaching C$23.01. 129,042 shares of the company were exchanged, compared to its average volume of 75,985. Total Energy Services Inc. has a 1 year low of C$8.40 and a 1 year high of C$23.80. The firm has a 50-day moving average of C$18.43 and a 200 day moving average of C$15.85. The stock has a market cap of C$838.44 million, a price-to-earnings ratio of 11.80, a P/E/G ratio of 1.77 and a beta of 0.99. The company has a quick ratio of 1.09, a current ratio of 1.41 and a debt-to-equity ratio of 13.67.

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

Wall Street Analysts Forecast Growth

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

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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