Total Energy Services (TSE:TOT) Hits New 52-Week High - Still a Buy?

Key Points

• Total Energy Services shares reached a new 52-week high, trading as high as C$32.79 and recently at C$32.57, up from a prior close of C$32.24.
• ATB Cormark raised its price target from C$32.00 to C$33.00 and maintained an “outperform” rating; the stock has an overall “Buy” consensus and a C$33.00 average target.
• The company reported quarterly revenue of C$328.96 million and EPS of C$0.72, with a 14.51% return on equity and 7.38% net margin. Recent insider activity was mixed, with significant purchases over the past 90 days alongside sales by an insider.

Total Energy Services Inc. (TSE:TOT - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$32.79 and last traded at C$32.57, with a volume of 143231 shares traded. The stock had previously closed at C$32.24.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets upped their target price on shares of Total Energy Services from C$32.00 to C$33.00 and gave the stock an "outperform" rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$33.00.

Total Energy Services Stock Performance

The firm has a market capitalization of C$1.19 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 1.77 and a beta of 0.74. The company has a debt-to-equity ratio of 8.05, a quick ratio of 1.09 and a current ratio of 1.24. The business's fifty day simple moving average is C$25.69 and its 200-day simple moving average is C$23.50.

Total Energy Services (TSE:TOT - Get Free Report) last posted its 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 company had revenue of C$328.96 million for the quarter. As a group, equities research analysts expect that Total Energy Services Inc. will post 2.0517598 EPS for the current year.

Insider Transactions at Total Energy Services

In other Total Energy Services news, Director Daniel Kim Halyk purchased 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 17th. The shares were bought at an average price of C$22.00 per share, with a total value of C$110,000.00. Following the completion of the purchase, the director directly owned 860,000 shares in the company, valued at C$18,920,000. This trade represents a 0.58% increase in their ownership of the stock. Also, insider Bradley John Macson sold 20,000 shares of Total Energy Services stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of C$30.21, for a total transaction of C$604,200.00. Following the completion of the transaction, 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 ownership of the stock. In the last 90 days, insiders bought 322,684 shares of company stock valued at $7,738,701 and sold 120,800 shares valued at $2,761,350. 7.73% of the stock is owned by company insiders.

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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