Total Energy Services (TSE:TOT) Reaches New 1-Year High - Should You Buy?

Key Points

• Total Energy Services reached a new 52-week high of C$37.94, up from its prior close of C$36.44. Analysts have an average “Moderate Buy” rating and a C$41.50 price target.
• The company reported quarterly EPS of C$0.72 on revenue of C$328.96 million, with a 7.38% net margin and 14.51% return on equity.
• Total Energy Services paid a quarterly dividend of C$0.12, or C$0.48 annually, representing a 1.3% yield. Insiders were net buyers over the past 90 days, purchasing roughly C$10.8 million in shares.

Total Energy Services Inc. (TSE:TOT - Get Free Report) reached a new 52-week high during mid-day trading on Monday. The stock traded as high as C$37.94 and last traded at C$37.77, with a volume of 77,728 shares traded. The stock had previously closed at C$36.44.

Wall Street Analysts Forecast Growth

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

Total Energy Services Stock Performance

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 fifty day moving average price of C$33.27 and a two-hundred day moving average price of C$26.96. The company has a market capitalization of C$1.37 billion, a P/E ratio of 15.87, a PEG ratio of 1.77 and a beta of 0.67.

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

Total Energy Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 15th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 29th. Total Energy Services's dividend payout ratio is currently 18.49%.

Insider Activity

In other news, Director Kenneth Brandon Mullen purchased 1,205 shares of the business's stock in a transaction on Monday, September 21st. The shares were acquired at an average price of C$35.58 per share, with a total value of C$42,873.90. Following the completion of the transaction, the director 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 Total Energy Services Inc purchased 312,412 shares of the firm's stock in a transaction on Tuesday, September 29th. The shares were acquired at an average price of C$34.43 per share, with a total value of C$10,756,345.16. Following the completion of the acquisition, the insider owned 322,412 shares in the company, valued at approximately C$11,100,645.16. This trade represents a 3,124.12% increase in their position. Over the last ninety days, insiders acquired 314,317 shares of company stock worth $10,820,457 and sold 33,800 shares worth $780,360. Insiders own 7.73% of the company's stock.

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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