Total Energy Services (TSE:TOT) Hits New 52-Week High on Insider Buying Activity

Key Points

• Insider buying pushed Total Energy Services to a new 52-week high after director George K. Chow bought 1,600 shares at C$23.19, increasing his stake to 59,560 shares.
• ATB Cormark raised its target from C$20 to C$24 and the stock carries an average analyst rating of "Buy" with an average price target of C$24.00.
• The company reported a recent quarter of EPS C$1.50 on C$301.71 million revenue, with a market cap of about C$852 million and a trailing P/E of ~11.99.

Total Energy Services Inc. (TSE:TOT - Get Free Report)'s share price hit a new 52-week high during trading on Monday after an insider bought additional shares in the company. The stock traded as high as C$23.80 and last traded at C$23.46, with a volume of 24816 shares changing hands. The stock had previously closed at C$23.39.

Specifically, Director George K. Chow acquired 1,600 shares of Total Energy Services stock in a transaction that occurred on Friday, March 27th. The shares were purchased at an average cost of C$23.19 per share, for a total transaction of C$37,104.00. Following the acquisition, the director owned 59,560 shares in the company, valued at approximately C$1,381,196.40. This represents a 2.76% increase in their ownership of the stock.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets increased their target price on shares of Total Energy Services from C$20.00 to C$24.00 in a research note on Thursday, March 12th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Total Energy Services currently has an average rating of "Buy" and an average price target of C$24.00.

Total Energy Services Price Performance

The stock's 50 day moving average is C$18.43 and its two-hundred day moving average is C$15.85. The company has a debt-to-equity ratio of 13.67, a current ratio of 1.41 and a quick ratio of 1.09. The stock has a market capitalization of C$851.92 million, a PE ratio of 11.99, a price-to-earnings-growth ratio of 1.77 and a beta of 0.99.

Total Energy Services (TSE:TOT - Get Free Report) last issued its quarterly earnings results on Tuesday, March 10th. The company reported C$1.50 earnings per share (EPS) for the quarter. Total Energy Services had a net margin of 6.97% and a return on equity of 12.57%. The company had revenue of C$301.71 million during the quarter. As a group, sell-side analysts forecast that Total Energy Services Inc. will post 2.0517598 earnings per share for the current fiscal year.

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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