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

Key Points

• Total Energy Services reached a new 52-week high of C$36.42 before trading at C$34.94, with the stock down 3.6% during the session.
• ATB Cormark raised its price target to C$33 and maintained an “outperform” rating; the broader analyst consensus remains “Buy” with a C$33 target.
• The company reported quarterly EPS of C$0.72 on C$328.96 million in revenue, while insiders were net buyers over the past three months and corporate insiders own 7.73% of the stock.

Total Energy Services Inc. (TSE:TOT - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$36.42 and last traded at C$34.94, with a volume of 215127 shares traded. The stock had previously closed at C$36.24.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets increased their target price on 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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Total Energy Services currently has a consensus rating of "Buy" and a consensus price target of C$33.00.

Total Energy Services Trading Down 3.6%

The company has a market capitalization of C$1.27 billion, a PE ratio of 14.68, a P/E/G ratio of 1.77 and a beta of 0.81. 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 has a fifty day moving average price of C$27.67 and a 200 day moving average price of C$24.43.

Total Energy Services (TSE:TOT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported C$0.72 EPS for the quarter. The firm 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%. Analysts expect that Total Energy Services Inc. will post 2.0517598 EPS for the current fiscal year.

Insider Buying and Selling at Total Energy Services

In related news, insider Total Energy Services Inc bought 314,804 shares of the firm's stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of C$24.01 per share, with a total value of C$7,558,444.04. Following the completion of the transaction, the insider directly owned 326,814 shares of the company's stock, valued at approximately C$7,846,804.14. This represents a 2,621.18% increase in their ownership of the stock. Also, insider Bradley John Macson sold 12,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of C$10.06, for a total transaction of C$120,720.00. Following the completion of the sale, the insider directly owned 190,305 shares of the company's stock, valued at C$1,914,468.30. This trade represents a 5.93% decrease in their position. Over the last three months, insiders purchased 321,114 shares of company stock worth $7,704,035 and sold 33,800 shares worth $780,360. Corporate 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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