Total Energy Services (TSE:TOT) Sets New 52-Week High – Should You Buy?

Total Energy Services Inc. (TSE:TOT) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$16.22 and last traded at C$16.02, with a volume of 3912 shares trading hands. The stock had previously closed at C$15.86.

Analyst Upgrades and Downgrades

Separately, ATB Capital cut their price target on Total Energy Services from C$20.50 to C$20.00 and set an “outperform” rating for the company in a report on Friday, December 19th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$20.00.

Total Energy Services Stock Down 0.2%

The company has a quick ratio of 1.09, a current ratio of 1.40 and a debt-to-equity ratio of 27.27. The company has a market capitalization of C$588.48 million, a P/E ratio of 9.99, a PEG ratio of 1.77 and a beta of 1.04. The company has a 50 day simple moving average of C$15.00 and a two-hundred day simple moving average of C$13.68.

Total Energy Services (TSE:TOT) last announced its quarterly earnings data on Wednesday, November 12th. The company reported C$0.38 earnings per share for the quarter. The company had revenue of C$260.70 million during the quarter. Total Energy Services had a net margin of 4.90% and a return on equity of 7.84%. As a group, equities analysts predict that Total Energy Services Inc. will post 2.0517598 EPS for the current year.

Insider Buying and Selling at Total Energy Services

In related news, insider Total Energy Services Inc acquired 300,892 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was purchased at an average cost of C$15.02 per share, with a total value of C$4,519,397.84. Following the transaction, the insider directly owned 312,892 shares of the company’s stock, valued at C$4,699,637.84. This trade represents a 2,507.43% increase in their position. Also, Director Daniel Kim Halyk purchased 5,000 shares of the stock in a transaction on Thursday, December 18th. The shares were acquired at an average price of C$14.80 per share, for a total transaction of C$74,000.00. Following the transaction, the director directly owned 855,000 shares of the company’s stock, valued at C$12,654,000. This represents a 0.59% increase in their position. Over the last 90 days, insiders have purchased 307,492 shares of company stock worth $4,615,512. 7.73% of the stock is owned by company 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.