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

Total Energy Services Inc. (TSE:TOTGet Free Report)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$26.20 and last traded at C$25.00, with a volume of 453514 shares changing hands. The stock had previously closed at C$23.56.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets boosted their target price on 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.com, the company currently has an average rating of “Buy” and a consensus price target of C$24.00.

Get Our Latest Research Report on Total Energy Services

Total Energy Services Price Performance

The business has a 50-day simple moving average of C$22.02 and a 200 day simple moving average of C$17.80. The firm has a market cap of C$917.80 million, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 1.77 and a beta of 0.54. 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:TOTGet Free Report) last released its quarterly earnings results on Tuesday, March 10th. The company reported C$1.50 EPS for the quarter. The business had revenue of C$301.71 million during the quarter. Total Energy Services had a return on equity of 12.57% and a net margin of 6.97%. On average, analysts anticipate 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 declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.48 dividend on an annualized basis and a yield of 1.9%. Total Energy Services’s dividend payout ratio is presently 20.51%.

Insider Buying and Selling at Total Energy Services

In other news, Director George K. Chow bought 1,600 shares of the firm’s stock in a transaction dated Friday, March 27th. The stock was purchased at an average price of C$23.19 per share, with a total value of C$37,104.00. Following the transaction, the director owned 59,560 shares of the company’s stock, valued at approximately C$1,381,196.40. The trade was a 2.76% increase in their ownership of the stock. Also, insider William John George Kosich sold 18,000 shares of the stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of C$23.60, for a total value of C$424,800.00. Following the completion of the transaction, the insider directly owned 225,211 shares of the company’s stock, valued at C$5,314,979.60. This represents a 7.40% decrease in their position. Insiders have purchased a total of 49,908 shares of company stock worth $1,091,906 over the last three months. 7.73% of the stock is owned by corporate insiders.

Total Energy Services Company Profile

(Get Free Report)

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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