Total Energy Services (TSE:TOT) Reaches New 12-Month High - What's Next?

Key Points

• Total Energy Services reached a new 52-week high, trading as high as C$34.43 and closing near C$34.05, up 3.6% from its previous close.
• ATB Cormark raised its price target to C$33 and maintained an “outperform” rating; the stock has a consensus “Buy” rating, though the target is below its latest trading price.
• The company reported quarterly revenue of C$328.96 million and earnings of C$0.72 per share. Recent insider activity was mixed, with directors buying shares while another insider reduced their holdings.

Total Energy Services Inc. (TSE:TOT - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$34.43 and last traded at C$34.05, with a volume of 289804 shares trading hands. The stock had previously closed at C$32.88.

Wall Street Analysts Forecast Growth

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

Total Energy Services Stock Up 3.6%

The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 8.05. The stock has a market cap of C$1.24 billion, a PE ratio of 14.31, a P/E/G ratio of 1.77 and a beta of 0.81. The business has a 50 day moving average price of C$26.61 and a 200 day moving average price of C$23.94.

Total Energy Services (TSE:TOT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported C$0.72 earnings per share 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 during the quarter. Equities research analysts expect that Total Energy Services Inc. will post 2.0517598 EPS for the current fiscal year.

Insider Transactions at Total Energy Services

In other news, Director Daniel Kim Halyk bought 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 17th. The stock was purchased at an average cost of C$22.00 per share, for a total transaction of C$110,000.00. Following the purchase, the director directly owned 860,000 shares in the company, valued at approximately C$18,920,000. This trade represents a 0.58% increase in their position. Also, insider William John George Kosich sold 87,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of C$22.77, for a total transaction of C$1,980,990.00. Following the sale, the insider directly owned 172,221 shares in the company, valued at C$3,921,472.17. This trade represents a 33.56% decrease in their ownership of the stock. Over the last 90 days, insiders acquired 322,684 shares of company stock worth $7,738,701 and sold 120,800 shares worth $2,761,350. 7.73% of the stock is currently owned by company insiders.

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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