Total Energy Services (TSE:TOT) Reaches New 12-Month High - Still a Buy?

Key Points

• Total Energy Services hit a new 52-week high, trading as high as C$24.64 and last at C$24.38 during mid-day with about 13,305 shares changing hands.
• ATB Cormark raised its target from C$20.00 to C$24.00 and MarketBeat shows a consensus Buy rating with an average target of C$24.00.
• The company has a market cap of C$888.8M and a P/E of 12.42, posted C$1.50 EPS last quarter, pays a C$0.12 quarterly dividend (2.0% yield), and insiders purchased roughly 49,908 shares in the past 90 days (insiders own 7.73%).

Total Energy Services Inc. (TSE:TOT - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$24.64 and last traded at C$24.38, with a volume of 13305 shares traded. The stock had previously closed at C$24.30.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets boosted 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 research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Total Energy Services currently has an average rating of "Buy" and a consensus target price of C$24.00.

Total Energy Services Stock Performance

The firm has a market cap of C$888.80 million, a price-to-earnings ratio of 12.42, a PEG ratio of 1.77 and a beta of 0.54. The stock's fifty day moving average is C$21.25 and its two-hundred day moving average is C$17.30. The company has a debt-to-equity ratio of 13.67, a quick ratio of 1.09 and a current ratio of 1.41.

Total Energy Services (TSE:TOT - Get Free Report) last posted its earnings results on Tuesday, March 10th. The company reported C$1.50 EPS for the quarter. The firm 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%. On average, analysts expect that Total Energy Services Inc. will post 2.0517598 earnings per share for the current fiscal year.

Total Energy Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.0%. The ex-dividend date was Tuesday, March 31st. Total Energy Services's dividend payout ratio (DPR) is currently 20.51%.

Insider Activity

In other Total Energy Services news, Director Glenn Orval James Dagenais purchased 1,570 shares of Total Energy Services stock in a transaction on Monday, March 30th. The stock was bought at an average price of C$23.47 per share, for a total transaction of C$36,847.90. Following the transaction, the director owned 76,595 shares of the company's stock, valued at C$1,797,684.65. The trade was a 2.09% increase in their position. Also, Director George K. Chow purchased 1,600 shares of the firm's stock in a transaction dated Friday, March 27th. The stock was acquired at an average cost of C$23.19 per share, with a total value of C$37,104.00. Following the purchase, the director owned 59,560 shares of the company's stock, valued at approximately C$1,381,196.40. This represents a 2.76% increase in their position. Insiders have purchased 49,908 shares of company stock worth $1,091,906 over the last ninety days. 7.73% of the stock is currently owned by company 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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