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

Key Points

• Total Energy Services (TSE:TOT) reached a new 52‑week high, trading as high as C$22.79 and last at C$22.18, supported by rising momentum (50‑day SMA C$17.83, 200‑day SMA C$15.56).
• Analysts are bullish: ATB Cormark raised its price target to C$24 and the consensus rating is "Buy" with a C$24 consensus target.
• Fundamentals and insider activity: the company reported C$1.50 EPS on C$301.7M revenue (PE 11.37, net margin ~6.97%, ROE 12.57), and an insider bought 300,892 shares at C$15.02, leaving insiders with 7.73% ownership.

Total Energy Services Inc. (TSE:TOT - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as C$22.79 and last traded at C$22.18, with a volume of 241617 shares trading hands. The stock had previously closed at C$22.05.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets upped their price objective on Total Energy Services from C$20.00 to C$24.00 in a report on Thursday, March 12th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Total Energy Services has a consensus rating of "Buy" and a consensus target price of C$24.00.

Total Energy Services Price Performance

The stock has a market capitalization of C$808.19 million, a PE ratio of 11.37, a P/E/G ratio of 1.77 and a beta of 0.99. 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 firm's 50 day simple moving average is C$17.83 and its 200 day simple moving average is C$15.56.

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

Insider Transactions at Total Energy Services

In other Total Energy Services news, insider Total Energy Services Inc purchased 300,892 shares of the business's stock in a transaction on Wednesday, December 31st. The stock was acquired at an average cost of C$15.02 per share, for a total transaction of C$4,519,397.84. Following the completion of the transaction, the insider directly owned 312,892 shares in the company, valued at approximately C$4,699,637.84. This represents a 2,507.43% increase in their position. 7.73% of the stock is currently owned by 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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