Total Energy Services (TSE:TOT) Price Target Raised to C$19.50 at ATB Capital

Key Points

• ATB Capital has raised its price target for Total Energy Services from C$18.00 to C$19.50, indicating a potential upside of 38.30% from the current stock price.
• The company's shares traded up 3.4%, reaching C$14.10, with a market cap of C$519.25 million and a price-to-earnings ratio of 8.29.
• Insider trading activity increased significantly, with insiders acquiring a total of 157,275 shares valued at approximately C$1,988,654 in the last three months.

Total Energy Services (TSE:TOT - Get Free Report) had its price objective boosted by equities researchers at ATB Capital from C$18.00 to C$19.50 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. ATB Capital's target price would indicate a potential upside of 38.30% from the company's current price.

Total Energy Services Trading Up 3.4%

Shares of TSE TOT traded up C$0.47 during trading hours on Thursday, reaching C$14.10. The stock had a trading volume of 21,577 shares, compared to its average volume of 58,243. The company has a current ratio of 1.40, a quick ratio of 1.09 and a debt-to-equity ratio of 27.27. The firm has a market cap of C$519.25 million, a price-to-earnings ratio of 8.29, a P/E/G ratio of 1.77 and a beta of 1.18. The business's fifty day moving average price is C$13.49 and its two-hundred day moving average price is C$11.47. Total Energy Services has a 52-week low of C$8.40 and a 52-week high of C$14.74.

Insiders Place Their Bets

In other Total Energy Services news, insider Total Energy Services Inc bought 148,923 shares of the company's stock in a transaction on Friday, August 29th. The shares were bought at an average cost of C$12.59 per share, for a total transaction of C$1,874,925.68. Following the acquisition, the insider directly owned 148,923 shares in the company, valued at approximately C$1,874,925.68. The trade was a ∞ increase in their ownership of the stock. Also, insider Gurmeet Kaur Bhatia bought 3,852 shares of the company's stock in a transaction on Tuesday, October 7th. The shares were acquired at an average price of C$14.27 per share, for a total transaction of C$54,968.04. Following the completion of the acquisition, the insider owned 5,843 shares in the company, valued at C$83,379.61. This represents a 193.47% increase in their ownership of the stock. Insiders have acquired a total of 157,275 shares of company stock worth $1,988,654 in the last three months. 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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