Total Energy Services (TSE:TOT) Hits New 1-Year High - Still a Buy?

Key Points

• Total Energy Services shares reached a new 52-week high, trading as high as C$39.41 and closing around C$38.85, up approximately 4% during the session.
• Analyst sentiment is cautiously positive, with an average “Moderate Buy” rating and a consensus price target of C$41.50. ATB Cormark raised its target to C$42.00 and rated the stock “outperform,” while RBC maintained a “hold” rating with a C$41.00 target.
• The company reported quarterly EPS of C$0.72 on C$328.96 million in revenue and pays a quarterly dividend of C$0.12, equivalent to a 1.2% annual yield. Recent insider activity was mixed, though insiders collectively bought substantially more shares than they sold over the past three months.

Total Energy Services Inc. (TSE:TOT - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday. The stock traded as high as C$39.41 and last traded at C$38.85, with a volume of 18,871 shares traded. The stock had previously closed at C$38.29.

Wall Street Analysts Forecast Growth

TOT has been the topic of a number of analyst reports. Royal Bank Of Canada set a C$41.00 price target on Total Energy Services and gave the stock a "hold" rating in a research note on Thursday, September 24th. ATB Cormark Capital Markets boosted their price objective on Total Energy Services from C$36.50 to C$42.00 and gave the company an "outperform" rating in a research report on Thursday, September 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Total Energy Services currently has an average rating of "Moderate Buy" and an average target price of C$41.50.

Total Energy Services Stock Up 4.0%

The company has a debt-to-equity ratio of 8.05, a current ratio of 1.24 and a quick ratio of 1.09. The company has a market capitalization of C$1.45 billion, a P/E ratio of 16.73, a PEG ratio of 1.77 and a beta of 0.67. The company has a 50 day moving average of C$34.36 and a 200-day moving average of C$27.53.

Total Energy Services (TSE:TOT - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported C$0.72 EPS for the quarter. Total Energy Services had a return on equity of 14.51% and a net margin of 7.38%. The business had revenue of C$328.96 million during the quarter. As a group, equities analysts anticipate that Total Energy Services Inc. will post 2.05 EPS for the current year.

Total Energy Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 15th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, September 29th. Total Energy Services's dividend payout ratio (DPR) is currently 18.49%.

Insiders Place Their Bets

In other Total Energy Services news, Director Kenneth Brandon Mullen purchased 1,205 shares of the company's stock in a transaction that occurred on Monday, September 21st. The stock was bought at an average price of C$35.58 per share, with a total value of C$42,873.90. Following the completion of the purchase, the director directly owned 26,015 shares of the company's stock, valued at C$925,613.70. The trade was a 4.86% increase in their position. Also, insider Bradley John Macson sold 20,000 shares of the firm's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of C$30.21, for a total value of C$604,200.00. Following the completion of the sale, the insider directly owned 185,744 shares of the company's stock, valued at C$5,611,326.24. The trade was a 9.72% decrease in their position. Over the last three months, insiders bought 314,317 shares of company stock valued at $10,820,457 and sold 33,800 shares valued at $780,360. 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.

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