Total Energy Services (TSE:TOT) Reaches New 1-Year High – Here’s Why

Total Energy Services Inc. (TSE:TOT – Get Free Report) reached a new 52-week high on Friday . The stock traded as high as C$31.65 and last traded at C$31.51, with a volume of 55183 shares trading hands. The stock had previously closed at C$31.43.

Wall Street Analysts Forecast Growth

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

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Total Energy Services Stock Performance

The stock has a market capitalization of C$1.14 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 1.77 and a beta of 0.74. The stock’s 50 day moving average is C$25.08 and its 200 day moving average is C$23.13. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 8.05.

Total Energy Services (TSE:TOT – Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported C$0.72 earnings per share (EPS) for the quarter. Total Energy Services had a net margin of 7.38% and a return on equity of 14.51%. The company had revenue of C$328.96 million during the quarter. On average, analysts predict that Total Energy Services Inc. will post 2.0517598 earnings per share for the current year.

Insider Activity

In related news, insider Total Energy Services Inc bought 314,804 shares of the stock in a transaction on Tuesday, June 30th. The shares were purchased at an average price of C$24.01 per share, for a total transaction of C$7,558,444.04. Following the acquisition, the insider owned 326,814 shares in the company, valued at C$7,846,804.14. This represents a 2,621.18% increase in their ownership of the stock. Also, insider William John George Kosich sold 87,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of C$22.77, for a total value of C$1,980,990.00. Following the sale, the insider owned 172,221 shares in the company, valued at approximately C$3,921,472.17. This trade represents a 33.56% decrease in their position. Over the last three months, insiders acquired 322,684 shares of company stock worth $7,738,701 and sold 120,800 shares worth $2,761,350. 7.73% of the stock is currently owned by company 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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