Total Energy Services (TSE:TOT) Price Target Raised to C$33.00 at ATB Cormark Capital Markets

Total Energy Services (TSE:TOTFree Report) had its price objective upped by ATB Cormark Capital Markets from C$32.00 to C$33.00 in a research note released on Friday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Total Energy Services Trading Down 0.0%

Shares of TOT stock traded down C$0.01 during trading hours on Friday, hitting C$22.89. The company had a trading volume of 36,503 shares, compared to its average volume of 107,693. The company’s fifty day moving average is C$23.84 and its 200 day moving average is C$20.53. The company has a debt-to-equity ratio of 11.42, a current ratio of 1.35 and a quick ratio of 1.09. The stock has a market capitalization of C$839.26 million, a PE ratio of 10.85, a price-to-earnings-growth ratio of 1.77 and a beta of 0.76. Total Energy Services has a fifty-two week low of C$10.51 and a fifty-two week high of C$27.58.

Total Energy Services (TSE:TOTGet Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$0.65 earnings per share (EPS) for the quarter. The business had revenue of C$314.90 million for the quarter. Total Energy Services had a net margin of 7.04% and a return on equity of 13.24%. Research analysts expect that Total Energy Services will post 2.0517598 earnings per share for the current fiscal year.

Insider Activity at Total Energy Services

In related news, insider William John George Kosich sold 87,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of C$22.77, for a total value of C$1,980,990.00. Following the transaction, the insider directly owned 172,221 shares of the company’s stock, valued at approximately C$3,921,472.17. This trade represents a 33.56% decrease in their position. 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. In the last ninety days, insiders purchased 326,374 shares of company stock worth $7,831,060. Company insiders own 7.73% of the company’s stock.

About Total Energy Services

(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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