Total Energy Services (TSE:TOT) Sets New 1-Year High - Here's What Happened

Key Points

• Total Energy Services shares reached a new 52-week high of C$31.44, up from the previous close of C$30.50, with 135,904 shares traded.
• ATB Cormark raised its price target from C$32.00 to C$33.00 and maintained an “outperform” rating; analysts’ consensus is also Buy with a C$33.00 target.
• The company reported quarterly EPS of C$0.72 on revenue of C$328.96 million, while insiders have been net buyers over the past 90 days, purchasing significantly more shares than they sold.

Total Energy Services Inc. (TSE:TOT - Get Free Report)'s share price hit a new 52-week high during trading on Friday . The stock traded as high as C$31.44 and last traded at C$31.44, with a volume of 135904 shares changing hands. The stock had previously closed at C$30.50.

Analyst Ratings Changes

Separately, ATB Cormark Capital Markets increased their price target on shares of Total Energy Services from C$32.00 to C$33.00 and gave the stock an "outperform" rating in a report on Friday, July 10th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of C$33.00.

Total Energy Services Price Performance

The stock's fifty day moving average price is C$24.06 and its 200-day moving average price is C$22.57. The firm has a market cap of C$1.15 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.77 and a beta of 0.74. The company has a debt-to-equity ratio of 8.05, a current ratio of 1.24 and a quick ratio of 1.09.

Total Energy Services (TSE:TOT - Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported C$0.72 earnings per share for the quarter. The business 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%. As a group, equities 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 other Total Energy Services news, Director Daniel Kim Halyk acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was bought at an average cost of C$22.00 per share, for a total transaction of C$110,000.00. Following the completion of the transaction, the director owned 860,000 shares of the company's stock, valued at approximately C$18,920,000. The trade was a 0.58% increase in their position. Also, Director George K. Chow sold 1,800 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of C$30.80, for a total value of C$55,440.00. Following the transaction, the director owned 1,800 shares of the company's stock, valued at approximately C$55,440. This represents a 50.00% decrease in their ownership of the stock. Over the last 90 days, insiders have bought 327,684 shares of company stock worth $7,866,651 and have sold 108,800 shares worth $2,640,630. 7.73% of the stock is currently owned by insiders.

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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