Total Energy Services (TSE:TOT) Reaches New 1-Year High – Time to Buy?

Total Energy Services Inc. (TSE:TOT – Get Free Report) shares reached a new 52-week high during mid-day trading on Monday. The company traded as high as C$39.41 and last traded at C$38.85, with a volume of 18,871 shares. The stock had previously closed at C$38.29.

Analyst Upgrades and Downgrades

TOT has been the subject of several research analyst reports. Royal Bank Of Canada set a C$41.00 target price on shares of Total Energy Services and gave the stock a “hold” rating in a research report on Thursday, September 24th. ATB Cormark Capital Markets raised their price objective on Total Energy Services from C$36.50 to C$42.00 and gave the stock an “outperform” rating in a research report on Thursday, September 24th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$41.50.

Read Our Latest Stock Report on Total Energy Services

Total Energy Services Stock Down 1.2%

The stock’s 50-day simple moving average is C$34.66 and its 200 day simple moving average is C$24.97. The firm has a market cap of C$1.42 billion, a P/E ratio of 16.39, a PEG ratio of 1.77 and a beta of 0.67. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 8.05.

Total Energy Services (TSE:TOT – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$0.72 EPS for the quarter. Total Energy Services had a return on equity of 14.51% and a net margin of 7.38%. The firm had revenue of C$328.96 million during the quarter. As a group, research analysts forecast that Total Energy Services Inc. will post 2.05 EPS for the current fiscal year.

Total Energy Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Thursday, October 15th were given a $0.12 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.2%. Total Energy Services’s payout ratio is 18.49%.

Insider Activity

In related news, Director George K. Chow sold 1,800 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of C$30.80, for a total transaction of C$55,440.00. Following the transaction, the director directly owned 1,800 shares of the company’s stock, valued at approximately C$55,440. This trade represents a 50.00% decrease in their position. Also, insider Total Energy Services Inc acquired 312,412 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The stock was bought at an average price of C$34.43 per share, for a total transaction of C$10,756,345.16. Following the acquisition, the insider owned 322,412 shares of the company’s stock, valued at approximately C$11,100,645.16. This trade represents a 3,124.12% increase in their position. Over the last 90 days, insiders have acquired 314,317 shares of company stock valued at $10,820,457 and have sold 33,800 shares valued at $780,360. 7.73% of the stock is currently 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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