Total Energy Services (TSE:TOT) Sets New 12-Month High - Here's What Happened

Key Points

• Total Energy Services reached a new 52-week high, trading as high as C$29.38 versus its previous close of C$25.31.
• ATB Cormark raised its price target from C$32 to C$33 and maintained an “outperform” rating; the stock has an average analyst rating of “Buy” and a C$33 target.
• The company reported quarterly EPS of C$0.72 on revenue of C$328.96 million, while insiders purchased roughly C$7.85 million of shares over the past 90 days.

Total Energy Services Inc. (TSE:TOT - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as C$29.38 and last traded at C$29.24, with a volume of 51500 shares traded. The stock had previously closed at C$25.31.

Wall Street Analyst Weigh In

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

Total Energy Services Stock Performance

The company has a market cap of C$1.06 billion, a PE ratio of 13.72, a P/E/G ratio of 1.77 and a beta of 0.74. The stock's 50 day simple moving average is C$23.38 and its two-hundred day simple moving average is C$21.98. The company has a quick ratio of 1.09, a current ratio of 1.35 and a debt-to-equity ratio of 11.42.

Total Energy Services (TSE:TOT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported C$0.72 earnings per share (EPS) for the quarter. The company had revenue of C$328.96 million during the quarter. Total Energy Services had a net margin of 7.04% and a return on equity of 13.24%. As a group, research analysts anticipate that Total Energy Services Inc. will post 2.0517598 earnings per share for the current year.

Insider Transactions at Total Energy Services

In other news, insider Total Energy Services Inc purchased 314,804 shares of the stock in a transaction on Tuesday, June 30th. The stock was purchased at an average price of C$24.01 per share, with a total value of C$7,558,444.04. Following the completion of the transaction, the insider owned 326,814 shares in the company, valued at approximately C$7,846,804.14. The trade was a 2,621.18% increase in their ownership of the stock. Also, Director Glenn Orval James Dagenais purchased 1,570 shares of the company's stock in a transaction on Tuesday, June 16th. The shares were purchased at an average price of C$22.08 per share, with a total value of C$34,665.60. Following the completion of the purchase, the director directly owned 78,165 shares of the company's stock, valued at C$1,725,883.20. The trade was a 2.05% increase in their ownership of the stock. Insiders have bought a total of 326,984 shares of company stock worth $7,845,413 over the last ninety days. 7.73% of the stock is 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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